Belfast Telegraph

Pensions sales centre set to create 150 jobs

By Clare Weir

A new pensions sales centre has opened in Belfast, aimed at bringing up to 150 jobs here over the next two years.

The move is part of a 10-year contract between MetLife and Capita and will strengthen MetLife's plan for long-term expansion in the UK retirement and investment market.

MetLife has seen strong growth since its launch in the UK in 2007. It now has total assets under management of £1.5bn and sales in the first quarter of 2011 were more than 60% up on Q1 2010.

The new centre in Belfast will capitalise on this growth and comes at a time when the firm is planning to offer new products and customer propositions in an effort to take further market share.

Dominic Grinstead, managing director of MetLife's UK business, said that Belfast will be judged as a centre of excellence.

"MetLife is delighted to be supporting its UK strategy via a new UK-based office in this great city of Belfast," he added.

Peter Thomas, regional managing director of life and pensions with Capita, added: "MetLife is growing in the UK and the Belfast operation gives the company a strong platform."