Plum Financial Services Limited was an Australian corporate
superannuation
A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments ...
administrator and provider of financial products and services, before Plum Super became a product of MLC in 2016. As of 2021, Plum Super is administered by MLC Wealth Management Services.
Plum administered over A$20 billion in funds under management on behalf of more than 80 medium and large Australian organisations and more than 230,000 members. Plum was purpose-built for the era of member investment choice.
Plum had offices in
Melbourne and
Sydney
Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...
. Originally a joint venture between
MLC and Vanguard Australia, it later became a wholly-owned part of the
National Australia Bank
National Australia Bank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia (colloquially referred to as "The Big Four") in terms of market capitalisation, earnings and customers. NAB was ranked 21st-la ...
.
In 2016, Plum Financial Services was absorbed into the broader wealth management division of National Australia Bank, ceasing to exist as a separate business. Plum's superannuation products continued to operate within NAB Wealth, and now continue within the
IOOF since its 2021 acquisition of NAB's wealth business.
References
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* http://www.nabgroup.com/0,,33427,00.html
* http://www.nabgroup.com/0,,33437,00.html
* http://www.nab.com.au/wps/wcm/connect/nab/nab/home/business_solutions/4/4/3
External links
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Financial services companies established in 1998
Financial services companies of Australia
Lendlease
National Australia Bank
1998 establishments in Australia
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