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.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.