MetLife will be fighting a group insurance war on two fronts in this quarter as both First State Super and Statewide put out their group insurance arrangments to tender. Michael Dwyer, First State’s CEO, says the tender documents are being drawn up to ensure “the best insurance possible” for members, a complex proposition given the insurer must deal with occupations as varied as policing, teaching and office administration.
Dwyer confirmed the 535,000-member fund is “one of MetLife’s larger customers”, but he would not comment on the size of the annual premium to MetLife. South Australia’s 175,000-member Statewide will go to market in this quarter, said Bill Watson, general manager business development and client services, for group insurance cover within Statewide and its master trust division, Auswide. No tender has been announced yet, and “at this stage no decision has been made on whether it will be an open or closed tender,” Watson added.
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It’s the opportunities created by the climate change trend that John Pearce is perhaps more keenly focused on than the exclusions, particularly as capital starts to ebb and flow on the back of broader market movements, Matthew Smith writes.
Matthew SmithMay 25, 2021
The United States Securities and Exchange Commission has taken up the baton on exposing and punishing greenwashing by Asset Managers. Alex Wise explores how the U.S. regulator is tackling greenwashing and how this might impact superannuation funds in Australia.
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