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
The central bank has served up a disappointment for punters on Melbourne Cup Day.
The superannuation industry will be judged by its member services rather than how effectively it accumulates wealth, according to Stephen Jones.
The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members.
Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
