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Plum Financial Services

From Wikipedia, the free encyclopedia

Plum Super
IndustryFinancial services
Founded1998
FounderMLC
Vanguard Australia
Headquarters,
ServicesSuperannuation & Pensions
Number of employees
Over 160
ParentIOOF
Websitewww.plum.com.au

Plum Super is an Australian corporate superannuation 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 administers 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 has offices in Melbourne and Sydney. Originally a joint venture between MLC and Vanguard Australia, it later became a wholly-owned part of the National Australia Bank.[1][2]

In 2016, Plum Super was absorbed into the broader wealth management division of National Australia Bank, ceasing to exist as a separate business. Plum's superannuation & Pension products continued to operate within NAB Wealth, and now continue within the IOOF since its 2021 acquisition of NAB's wealth business.[citation needed]

References

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  1. ^ "Aus: MLC and Vanguard announce plans to enhance Plum Financial Services". Asia Africa Intelligence Wire (From The Asian Banker Journal). 19 June 2003. Retrieved 21 August 2024.
  2. ^ "AUSTRALIA'S MLC WANTS OWNERSHIP OF PLUM FINANCIAL SERVICES". AsiaPulse News. 8 April 2003. Retrieved 21 August 2024.
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