Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Markets
11 July 2025 by Maja Garaca Djurdjevic

South Korean exposure pays off as ASX-listed ETF jumps 32%

The iShares MSCI South Korea ETF (IKO) gained 32.1 per cent in the first six months of the year, marking South Korea’s emergence as one of the ...
icon

Instos anticipate crypto to feature in traditional portfolios by 2030

Three-quarters of institutional investors believe cryptocurrencies will form part of traditional portfolio allocations ...

icon

US tipped to be ‘the big loser’ of Trump’s expanding trade war: AMP

The rollout of further tariffs in the US from August is expected to decrease economic growth in the US in the ...

icon

Government cements RBA overhaul with new rules

The government has cemented its overhaul of the RBA’s governance with the release of an updated Statement on the Conduct ...

icon

Industry participants chosen for tokenised asset settlement project

The corporate regulator has announced it will provide regulatory relief to a number of industry participants to support ...

icon

Bitcoin’s record-breaking rally is forcing a rethink of what it means to hedge

As the cryptocurrency surges past US$112,000, a growing chorus of institutional investors is turning to bitcoin as a ...

VIEW ALL

Plum looks to build intra-fund advice

  •  
By Christine St Anne
  •  
4 minute read

Corporate superannuation business Plum Financial Services will boost its intra-fund advice services.

Plum Financial Services will step up its focus on providing intra-fund advice to its member funds, managing director Scott Hartley has said.

The move follows the July announcement by the federal government and ASIC that superannuation funds would be allowed to provide limited financial advice to members.

"Intra-fund advice will give us the opportunity to provide advice on a low-cost basis to our members," Hartley said.

The business would look at developing technology to support the provision of intra-fund advice, he said.

 
 

He said intra-fund advice would give people an understanding about the value of advice.

"A lot of people will see the value of advice in a low-cost way. By seeing the value of advice, this may encourage some people to take up more complex advice solutions," he said.

The business was positioned for more growth following the overhaul of National Australia Bank's wealth management division this year.

The formation of the new wealth businesses, MLC and NAB Wealth, brought MLC, nabInvest and NAB Private Wealth under one group, led by Steve Tucker.

Under the structure, Hartley now oversees MasterKey Business Super and Plum Financial Services as well as consulting businesses MLC Implemented Consulting and JANA.

He said the new structure would benefit from the collective strategies of the groups.

Plum has won a number of corporate superannuation mandates in the past three months, picking up Royal Automobile Club of Victoria (RACV) and Merck Sharp & Dohme as new corporate accounts.

"It [the structure] has already proven to be successful. By winning the two corporate accounts we were also able to pick up tenders for each of our asset consultants," Hartley said.

Both JANA and MLC Implemented Consulting now provide investment advice to RACV and Merck Sharp & Dohme respectively.