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UBS will use Morningstar to provide securities pricing and industry news on its platform that five large superannuation funds use for their direct investment options.
More than 420,000 Australian who are due to retire in the next 12 months may have to delay their plans as lackluster share market returns, falling property prices and low interest rates obstruct their wealth.
The final quarter of calendar year 2018 started in horrible fashion for Australia's superannuation funds as about $22 billion was wiped from MySuper returns since January. However, some funds were able to manage the downside well.
The accounts of about 11,000 AustralianSuper members have been the target of a security breach.