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.”
CFS has credited its investment team’s disciplined approach to managing volatility as a key factor in delivering strong returns for MySuper members.
TelstraSuper has announced a return of 12.67 per cent for its MySuper Growth investment option for the calendar year.
The Super Members Council (SMC) has called for a removal of the “outdated” 30-hour threshold for workers under 18 to guarantee all young Australian workers receive a super start to work.
SuperRatings has shared the median estimated return for balanced superannuation funds for the calendar year 2024.