National Australia Bank-owned Plum Financial Services has appointed a new head of member services in an effort to enhance its education and advice offering for corporate superannuation members.
New appointee Tony Stewart will also take on the broader role of head of MLC’s corporate and institutional wealth division.
Stewart has more than 15 years industry experience, and joined Plum two years ago as head of product strategy. He has also worked for MLC as strategy and development manager for online wealth management.
In announcing the appointment, managing director Scott Hartley said Stewart would help to drive further advancements in education for Plum’s 189,000 members and help them take control of their finances.
Hartley said the internal appointment complements the recent addition of new members for Plum’s education team focused on member engagement activities with employers.
Liberal senator Andrew Bragg and Treasurer Jim Chalmers are at odds over whether federal politicians covered under the pre-2004 defined pension scheme would be captured in the super tax changes.
Having announced a $75 million investment in venture fund manager Uniseed in 2022, UniSuper has now committed an additional $25 million.
Australia’s $4 trillion superannuation industry is at a critical digital crossroads, with outdated systems threatening funds’ ability to keep up with rising member expectations and increasing regulatory demands.
Data from Chant West reinforced on Friday that super funds finished April in positive territory despite ‘Liberation Day’-driven market turmoil.