MetLife wins Tasplan mandate

MetLife/Tasplan/mandate/insurance/life-risk/Life/risk/superannuation/

10 October 2018
| By Hannah Wootton |
image
image
expand image

MetLife has secured the insurance mandate of Tasmania’s largest and only industry super fund, Tasplan, following an extensive tender process which will see the insurer deliver group life offerings to the fund’s 145,000 members.

The two companies would work together over the transition period to work out the best product design for members, with both identifying in a joint announcement of the mandate that expected budget changes would need to be considered.

Both Tasplan and MetLife identified a shared belief in the value of insurance inside superannuation and well-aligned cultural values as drivers of the partnership.

“We know the proposed federal budget changes to insurance inside super adds another level of complexity and uncertainty and we identified the need to partner with an organisation that can respond to these changes and evolve with us and our members,” Tasplan chief operations officer, Nick Connor, said.

“We understand the value of insurance in superannuation and the importance of default insurance which offers our members value for money protection.”

MetLife acting chief executive, Vince Watt, said: “Obviously, we’re delighted to be chosen as their insurance partner and we believe that strong cultural fit and customer focus will give Tasplan’s members a great insurance inside super offering.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 6 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND