POWERED BY MOMENTUM MEDIA
Plum launches new retirement income product
Plum Super has launched a new account-based pension to cater for both active and passive investor types.
The Plum Retirement Income (PRI) offered two investment paths, the cultivator investment path and the self-select investment path.
The cultivator offers members an automated investment and drawdown strategy, designed to deliver short-to-medium-term income stability and long-term capital growth with aims to optimise retirement income to last as long as possible.
The self-select relies on the member to select and monitor their investment portfolio and offers five investment levels designed to offer flexibility in investing to meet their retirement needs.
NAB general manager of customer experience, superannuation, Lara Bourguignon said: “Our absolute focus remains on helping our members enjoy their retirement and offering products that provide flexibility, choice, and support”.
PRI also provides members with access to phone-based help, online education, and an electronic application process.
Recommended for you
Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transfers.
Insignia’s Master Trust business suffered a 1.9 per cent dip in FUA in the third quarter, amid total net outflows of $1.8 billion.
While the Liberal senator has accused super funds of locking everyday Australians out of the housing market, industry advocates say the Coalition’s policy would only push home ownership further out of reach.
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
