Plum Retirement Income - Self Select
Plum Retirement Income offers a Self Select Investment Path. Unlike Cultivator it doesn’t use the automated rebalancing tools, but relies on you to select and monitor your investment portfolio.
Self Select lets you choose from five investment pots and use your green thumb to make the investment choices that suit your personal needs and tolerance to investment risk. You can allocate varying percentages of your account to one or more of the five investment pots, and switch between these investment pots at any time.
If you’re seeking a transition to retirement pension, you can only invest in the Self Select Investment Path.
How your money is allocated in the Self Select Investment Strategy
Put your pension balance to work by choosing one or a combination of five investment options available to you, to suit your risk appetite.
Transition to retirement pension (pre-retirement phase)
Cash Fund Pot
This pot invests in deposits with banks (100% National Australia Bank as at 30 September 2017) and may also invest in other comparable high quality securities.
Pre-mixed Conservative Pot
This pot aims to provide limited ups and downs in investment value by investing primarily in defensive assets.
Pre-mixed Cautious Pot
This pot aims to provide a balanced mix of assets, steady long-term returns and moderate investment volatility.
Plum-mixed Moderate Pot
This pot aims to invest proportionately more in growth assets than defensive assets to achieve medium-to-high long-term returns, with moderate to high volatility.
Pre-mixed Assertive Pot
This pot aims to invest primarily in growth assets with limited exposure to fixed income investments, accepting higher volatility to seek higher returns over the long term.
Retirement pension and Transition to Retirement pension (retirement phase)
Cash Fund (Pension) Pot
This pot invests in low risk investments to meet liquidity needs. Cash is usually the least volatile type of investment.
Plum Active – Conservative Pot
This pot takes a conservative approach to growth – investing a higher allocation to defensive assets than growth assets.
Plum Active – Cautious Pot
This pot invests in a balanced mix of assets to achieve steady long-term returns, with moderate investment volatility.
Plum Active – Moderate Pot
This pot invests proportionately more in growth assets than defensive assets to achieve medium to high long-term returns, with moderate to high volatility.
Plum Active – Assertive Pot
This pot primarily invests in growth assets, with limited exposure to defensive investments. It accepts higher volatility in order to seek higher returns over the long-term.
The pension you receive in the Plum Retirement Income is based on the amount you choose to invest in your account. It’s not a guaranteed income for life, so it’s important to determine whether it’s right for you.
To open a Plum Retirement Income account log onto your online account, call us at 1300 55 7586 from Monday to Friday between 8am to 7pm (AEST) or chat with us online.
Things to consider
NULIS Nominees (Australia) Limited is the trustee of the MLC Super Fund ABN 70 732 426 024 and the issuer of Plum Retirement Income product. Plum is a division of the MLC Super Fund. A Product Disclosure Statement (PDS) for the Plum Retirement Income Product is available at plum.com.au/PRI or by calling 1300 55 7586. You should obtain and consider the PDS for this product before making any decision about whether to acquire or continue to hold the product. Any advice or information provided is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent. You should also remember that past performance is not a reliable indicator of future performance. The information in this document is current as at 19 May 2018. It may be subject to change into the future © NULIS Nominees (Australia) 2018.
Any phone based general advice or application service provided for the Plum Retirement Income product is provided by Actuate Alliance Services Pty Ltd ABN 40 083 233 925, AFSL 240959. Actuate Alliance Services Pty Ltd and NULIS Nominees (Australia) Limited ABN 80 008 515 633 AFSL 236465 are part of the IOOF Group of Companies. An investment with NULIS Nominees (Australia) Limited is not a deposit or liability of, and is not guaranteed by IOOF Holdings Ltd ABN 49 100 103 722 and its related bodies corporate (IOOF Group). IOOF does not guarantee or otherwise accept any liability in respect of this product.