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Metlife extends mandate
Metlife has continued its focus on the group superannuation arena, picking up the mandate to provide cover to GuildSuper.
The insurer announced today that the mandate represented an extension of its long-term relationship with Child Care Super.
It said GuildSuper and Child Care Super formed the Guild Retirement Fund and that Metlife had been insuring Child Care Super members since 1998.
Guild Super managing director, Mario Pirone said he believed the extension of the partnership with Metlife would benefit GuildSuper members.
Metlife chief executive officer in Australia, Marc Lieberman said the mandate reflected the company's commitment to bringing long-term value.
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The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
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