UBS has selected Morningstar Australasia, a subsidiary of Morningstar, to provide data and market commentary feeds into its platform for Australian superannuation funds.
Under the terms of the deal, Morningstar would be delivering market and equity data as well as editorial content to the UBS platform to help power the firm’s online investing solutions for superannuation funds.
UBS managing director, head of platforms, Scott Webster, said: “We selected Morningstar for a number of reasons, including ease of integration of their application programming interfaces (APIs) and deep data coverage of Australian markets.”
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.