MetLife has won its third group insurance mandate in as many months, picking up the reigns from TAL as the insurance provider for Australian Ethical members in July.
It was a part of the fund's program to strengthen its competitiveness and product features, according to Australian Ethical chief executive Phillip Vernon.
The price of the super fund's insurance had already improved and the pair would continue to work to bring further benefits for Australian Ethical members, he said.
MetLife chief executive Marc Lieberman said the company was now working to develop a new range of product and technology innovations for the fund's members.
The insurance provider has picked up a number of notable clients recently, winning the group insurance mandate for First Super in July and for Nationwide Superannuation Fund in May.
The property group, owned by industry super fund Aware Super, has announced two new projects with a total construction value of $320 million that will add more than 700 homes to Melbourne’s rental market.
While institutional investors, including super funds, unanimously acknowledge the energy transition as a significant challenge, their perspectives on the extent of their involvement in addressing the substantial capital requirements vary widely.
Despite a period of increased volatility, several considerations suggest that the bull market will remain intact and the trend in shares will remain up, an economist has suggested.
HESTA has slammed Woodside’s climate transition action plan, pointing to “significant” gaps.
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