Ex-NSW premier joins insurer MetLife ahead of commissions fight
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US-based insurance group MetLife has recruited former NSW premier Nathan Rees from the Finance Sector Union to run government and regulator relations for its Australian outpost.
The former Labor leader and union boss, who served as the state’s premier from September 2008 to December 2009, has joined MetLife Australia as head of external affairs and public policy after a three-year stint as the FSU’s national assistant secretary.
As Finance Sector Union deputy, Nathan Rees recruited self-employed financial advisers.
Elke Meitzel
The appointment comes as the life insurance industry is preparing for yet another regulatory review of commission payments made to financial advisers for selling insurance products.