MetLife and AIST join for major partnership
Sydney February 08, 2022
MetLife and the Australian Institute of Superannuation Trustees (AIST) have announced a two-year partnership, that will see the insurer become a principal partner of the peak body for Australia’s $1.6 trillion profit-to-member superannuation sector.
MetLife will become the exclusive life insurance partner for AIST. Together the two organisations will promote the value of life insurance and the role insurance inside super plays in securing a confident financial future for Australian consumers, while enabling MetLife to support AIST’s leading profit-to-member trustees and superannuation funds.
The two-year partnership will draw on the unique research, insights and expertise of MetLife and AIST to co-create a range of bespoke events designed to educate the industry on the role life insurance plays in helping members engage with their superannuation. MetLife will also feature as the exclusive life insurance partner at AIST’s major events throughout 2022 and 2023.
AIST advocates for financial wellbeing in retirement for all Australians, regardless of their gender, culture, education or socio-economic background, and through leadership and excellence, supports profit-to-member funds to achieve member-first outcomes and fairness across the retirement system.
Commenting on the partnership, Richard Nunn, MetLife CEO, said: “We see a strong alignment of values between our two organisations and our new partnership will allow us to connect with even more industry and profit-to-member funds, which are already a core part of our business. Together we will be advocating for insurance inside super, which is such an important part of our superannuation system, providing financial protection for people throughout their lives. We’re excited to partner with AIST to build on the work both our organisations have been doing to support superannuation trustees, funds and members.”
Echoing these comments on the partnership, Eva Scheerlinck, AIST CEO, said: “This new partnership with MetLife will be a great opportunity for us to further support our members by engaging more with, and building a greater understanding of the role of, life insurance. The workforce continues to undergo significant change and insurance in super needs to keep pace with these changes. Insurance in super is a lifeline for so many, who find themselves in life changing situations, and we are proud to be partnering with MetLife to ensure that insurance products and services continue to be fit for purpose and deliver great value for super fund members.”
AIST’s members and subscribers are the trustee directors, employees and associates of profit-to-member industry, corporate and government superannuation funds. Through advocacy, policy, research and professional development, AIST is shaping better retirement outcomes for all Australians.
Media Contact
For more information please contact the Corporate Affairs team: media@metlife.com or +61 (0)411 893 890.
About MetLife
MetLife Insurance Limited (MetLife), an affiliate of MetLife, Inc., is a specialist provider of life insurance to affinity partners, superannuation trustees and employers in Australia. MetLife has expertise in designing and executing direct insurance programs for partners’ customers and insurance solutions to meet the needs of specific member groups. MetLife has been a specialist provider of life risk insurance products in Australia since 2005. For more information, visit metlife.com.au.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit metlife.com.
About AIST
AIST is a not-for-profit membership organisation representing the interests of Australia’s $1.6 trillion profit-to-member superannuation industry. Our members and subscribers are the trustee directors, employees and associates of industry, corporate and government superannuation funds.
We advocate for financial wellbeing in retirement for all Australians, regardless of their gender, culture, education or socio-economic background. Through leadership and excellence, we support profit-to-member funds to achieve member-first outcomes and fairness across the retirement system.