BT Financial Group senior executive, Deanne Stewart, has been appointed as the Australian chief executive of major insurer, Metlife.
Metlife announced the appointment today. Stewart will take up her appointment in mid-July.
The Metlife announcement said that as well as being Australian chief executive, Stewart would be joining the company's Asia Leadership team and directly reporting to Dr. Nirmala Menon, Senior Vice President & Head of Designated Markets and Health, Asia.
Stewart has been general manager, Super Market and Direct at BT Financial Group and joined that company in 2007 after previously being head of International Private Client Businesses at Merrill Lynch Investment Management.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.
TAL has launched a digital solution TAL Connect for its superannuation fund partners that links super and insurance for members, with Aware Super as its launch partner.
The Federal Court has ruled in favour of QSuper regarding non-payment of a total and permanent disablement benefit to a member.
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