INDUSTRY INSIGHTS
Sydney, 10 October 2025 – MetLife Australia welcomes the release of Treasury’s Guidance on Best Practice Principles for Superannuation Retirement Income Solutions, highlighting its potential to improve outcomes for Australians moving into retirement.
MetLife’s Chief Insurance Officer Meray El-Khoury said the guidance is a critical step in reshaping the retirement phase of superannuation.
With more than 2.5 million Australians set to retire in the next decade, it is vital that we move beyond preserving balances and provide solutions that mean members can spend with confidence in retirement.
Treasury analysis shows that incorporating a longevity component into a retirement solution can boost income by 15-30% compared with minimum drawdowns from account-based pensions. Lifetime income products provide protection against outliving savings, sequencing shocks and inflation.
MetLife has already partnered with Generation Life to provide its superannuation fund partners with access to lifetime income products. This partnership enables trustees to combine the flexibility of existing account-based pensions with the stability of lifetime income streams.
“We support Treasury’s focus on best practice principles and believe lifetime income products for key cohorts are central to delivering sustainable, sufficient retirement income. Our partnership with Generation Life demonstrates how insurers and super funds can work give Australians the confidence to enjoy the retirement they’ve worked hard for,” Ms El-Khoury said.
For Treasury’s consultation paper, see Guidance on best practice principles for superannuation retirement income solutions (PDF). For details on MetLife’s partnership with Generation Life, go to: MetLife Partners with Generation Life.
Contact
Sarah Kelly
MetLife Australia
+61 (0)411 893 890
sarah.kelly@metlife.com
About MetLife
MetLife Insurance Limited (MetLife), an affiliate of MetLife, Inc., is a specialist provider of life insurance to superannuation trustees, employers and financial advisers in Australia. MetLife has expertise in designing holistic insurance solutions to meet the needs of its customer groups, which includes the award winning 360Health program. MetLife has been providing life insurance products in Australia since 2005. For more information, visit www.metlife.com.au.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit www.metlife.com. www.metlife.com.
