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Plum Financial Services Limited
Industry
Financial services
Founded
1998
Founder
MLC Vanguard Australia
Headquarters
Melbourne
,
Australia
Services
Superannuation
Number of employees
Over 160
Parent
IOOF
Website
www.plum.com.au
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]
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