Plum launches new retirement income product

18 July 2017
| By Jassmyn |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Co...

1 day 18 hours ago

Demand from institutional investors was the main driver of growth in Australia’s responsible investment (RI) market in 2023, as the industry continued to gain momentum....

1 day 18 hours ago

In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges....

1 day 19 hours ago