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Plum picked for BP Super mandate
MLC-backed Plum Financial Services has picked up a significant corporate superannuation mandate: the BP Superannuation Fund.
Plum has been appointed to provide superannuation services to the $470 million, 2,500-member corporate fund.
According to Plum, the BP mandate, together with other wins this year, has added $4.7 billion in funds under administration and 45,000 new members.
Other funds to come under the Plum umbrella include Royal Automobile Club of Victoria, Merck Sharp & Dohme and NAB Staff Superannuation Fund.
JANA Investment Advisers will provide the investment management services element of the BP mandate.
AUTHOR
Mike Taylor
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