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.”
The strong market downturn in the first two weeks of the month has been followed by a swift recovery, according to SuperRatings.
The industry body is pushing for the Senate to pass the legislation this sitting fortnight.
The director, who is also a CFMEU official, has been accused of breaching a number of the covenants contained in the SIS Act.
The regulator says an industry roundtable found advisers and super funds need to up their game when it comes to talking about super with Millennials.