Plum Financial Services Limited was 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 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. Originally a joint venture between MLC and Vanguard Australia, it later became a wholly-owned part of the National Australia Bank.
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.[citation needed]
References
- "AUSTRALIA'S MLC WANTS OWNERSHIP OF PLUM FINANCIAL SERVICES". AsiaPulse News. 8 April 2003. Retrieved 4 December 2009.
- "Aus: MLC and Vanguard announce plans to enhance Plum Financial Services". Asia Africa Intelligence Wire (From The Asian Banker Journal). 19 June 2003. Retrieved 4 December 2009.
- 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
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