Financial Services Industry
Industry: Email Alert RSS FeedMetLife lowers annual charge on investment plan.
Financial Adviser, April, 2008
The annual management charge of MetLife's Trustee Investment Plan has been reduced to 0.5 per cent.. Joy Dunbar
MetLife Europe is marking its first year of business in the UK by reducing the annual management charge of its Trustee Investment Plan to 0.5 per cent from 0.95 per cent, the company announced.
The reduction will apply to all new and existing customers of the life insurance, annuities and retirement services company's Trustee Investment Plan.
Since its UK launch MetLife
, or Metropolitan Life Insurance Company, said it has seen strong sales and strong average case sizes in the retail market and is now aiming to expand further in the corporate market.
Peter Carter, head of technical services for MetLife in the UK,...
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