Plum Financial Services
 | |
| Industry | Financial services |
|---|---|
| Founded | 1998 |
| Founder | MLC Vanguard Australia |
| Headquarters | , |
| Services | Superannuation & Pensions |
Number of employees | Over 160 |
| Parent | IOOF |
| Website | www.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
- ^ "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.
- ^ "AUSTRALIA'S MLC WANTS OWNERSHIP OF PLUM FINANCIAL SERVICES". AsiaPulse News. 8 April 2003. Retrieved 21 August 2024.
