POWERED BY MOMENTUM MEDIA
(June-2003) Funds make plum choice
Plum Financial Services has attracted six super funds into its master trust with combined assets of $390 million over a six month period.
The biggest grouping, which together has assets of $310 million and 4600 members, is made up of the independent super funds from the Leighton, Thiess and John Holland groups.
Other newcomers are the super arrangements of the Rice Growers Co-operative (Sunrice), Collins Foods Group and another high profile but as yet, unnamed company.
These funds should be transitioned across to Plum by August, giving it assets of almost $3 billion to look after on behalf of 65,000 members and 58 employers.
Plum CEO Jane Cutler adds that Plum has initiated several new projects, due to be rolled out towards the end of August, which will make its future offering even more attractive.
These initiatives, she says, will give members greater choice in accessing Plum’s education resources and investments, and will strengthen the safety net available to members if they need help in making investment decisions.
AUTHOR
Zilla Efrat
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