Plum Super is the workplace superannuation product operated by National Australia Bank (NAB) for its business banking clients and their employees. It is a retail super fund primarily used in employer workplace super arrangements.
Key Facts
| Feature | Detail |
|---|---|
| Fund type | Retail (workplace super) |
| Operator | NAB / MLC Super (recently aligned with Insignia) |
| Target market | Employees of NAB business banking clients |
| Website | plum.com.au |
Products
- Plum Super — the main employer/employee super product
- Investment-linked offerings within employer plan structures
Fees
Plum Super has a retail fee structure including:
- Administration fee (dollar-based)
- Investment management fees (vary by option)
- Possible employer plan administration fees
Exact fees depend on the employer plan arrangement. Check the Plum Super PDS or your employer plan terms for current fee information.
Investment Options
Plum Super offers multiple investment options:
- MySuper / Balanced (default)
- Conservative
- Growth
- High Growth
- Cash
- Sustainable options
Insurance
Plum Super provides group insurance — death, TPD, and income protection. Default cover amounts depend on the employer’s plan design.
APRA Performance Test
Plum Super’s performance is subject to the APRA Annual Performance Test. Members in Plum Super should check the YourSuper tool for current performance data relative to comparable products.
Who Plum Suits
- Employees whose employer uses Plum Super as their workplace fund
- Members who have existing Plum Super accounts from previous employers
Note: Just because your employer defaults to Plum does not mean you must stay. Super choice allows you to direct your SG to any complying fund.
For advice on Plum Super, speak with a licensed financial adviser via MoneySmart. For more: Super Fund Comparison Table, MLC Super Review.