Plum closes pension gap
Mike Fitzsimons
PlumFinancial Services has launched a pension product for its super clients, re-badging a newly launched product by parent company MLC.
Plum Pension “closes a gap” in Plum’s offer, according to Plum managing director Mike Fitzsimons, by offering clients a “transition to retirement option and a retirement income option”.
“We knew our super members needed to be provided with a pension solution, and (since) our parent MLC had just built one, we’ve logically leveraged this solution for Plum,” Fitzsimons said.
“Plum can now cater to clients’ superannuation and financial advice needs during their entire lifecycle, from the moment they start work with an employer to when they retire.”
Plum-specific investment options on the new product include flexibility in pension payments, fee rebates for transition to retirement members, and a ‘no minimum’ lump sum withdrawal amount.
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