Plum’s new pension offer

28 July 2008

Plum Financial Services Limited (Plum) has partnered with its parent company MLC to
sponsor the Plum Pension* for members.

The Plum Pension closes the gap on Plum’s offer, ensuring Plum can now cater to members’
superannuation and financial advice needs during their entire lifecycle, from the moment they
start work with an employer to when they retire.

According to Plum’s Managing Director Mike Fitzsimons, in this increasingly changing
superannuation environment of today, superannuation providers must offer an extensive and
increasingly comprehensive package for their members.

‘At Plum, we knew our super members needed to be provided with a pension solution, and
our parent MLC had just built one. It has all the features and benefits members will want, so
we’ve logically leveraged this solution for Plum, adding Plum-specific investment options,’ Mr
Fitzsimons said.

The Plum Pension has two options for Plum members, a transition to retirement option and a
retirement income option.

Its key features are:

• Flexibility in pension payments – weekly, fortnightly, monthly, quarterly, biannually, annually
• Fee rebates for transition to retirement members**
• No minimum lump sum withdrawal amount
• No initial minimum contribution to establish an account
• Wide range of investment options
• The option to choose where fees (except investment fees) are drawn from
• Online access to account information including account balance and investments

‘In addition, most members who move to, or transition over time to pensions, will want or need
financial advice. That’s why, based on client and member feedback, Plum has also
refreshed the financial advice and mortgage loan offers available to Plum’s members, through
the introduction of the Momentum suite^# of financial advice and lending services,’ Mr
Fitzsimons said.

* MLC MasterKey Pension Fundamentals Plum Pension).
**The fee rebate is calculated based on the total amount invested in their superannuation accumulation balance with Plum and their Plum Pension. Therefore the value of accumulation and pension accounts will contribute towards a fee refund on their pension investment.
# Note: The Momentum suite of services is provided to Plum members by GWM Adviser Services Ltd.

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