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UBS LAUNCHES ADVISER ACCESS TO INDUSTRY FUNDS

Sydney | | Media Releases APAC

 

UBS Australia (UBS) today announce a significant enhancement to its Direct to Member offering that will enable authorised advisers to directly service industry funds' members through the investment platform.

Unlike traditional investment platforms, the UBS offering allows industry fund members to retain full control of the advice relationship. Members will be able to approve or cease adviser access to their account at any time as well as authorise advisers to transact on their behalf or view their account.

Paul Souter, Head of Strategy and Distribution for UBS Platforms Solutions Group said, "The provision of adviser functionality is an important extension to our current offering where industry fund members are able to directly manage their share, ETF, term deposits and cash investments. Our industry fund clients constantly look at ways to provide their members with access to quality advice and enhance their member offering. Our Direct to Member investment platform has been custom built to enable that strategy."

Another important feature for industry funds and their members will be the ability for a member to instruct the amount and frequency of an approved adviser service fee, in accordance with the policy of the fund.

The addition of the adviser functionality will be followed by a series of further improvements in 2014, including the integration of improved research, market data and charting capabilities, the addition of an expanded universe of investable instruments, auto-term deposit rollover and a suite of improved automated member alerts.

Paul Souter said, "Our key priority is to ensure that industry funds are able to provide their members with the right tools and information to make informed and appropriate investment decisions. Enabling meaningful advice relationships and improving the quality and timeliness of information is the beginning of this strategy."

UBS currently provides its Direct to Member investment platform to AustralianSuper, HOSTPLUS and Telstra Super.

Media contact:

Erica Borgelt UBS Media Relations Australasia +61 2 9324 3286 (M) 0413 732 951

UBS

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will expand its premier wealth management franchise and drive further growth across the Group.

UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 61,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

UBS Platform Solutions Group

UBS Platform Solutions Group

 

The UBS Platform Solutions Group provides Australian and New Zealand banks, brokers, superannuation funds and financial intermediaries with access to a broad range of securities trading and investment administration solutions leveraging UBS’s extensive global capabilities.

For more information, visit www.ubs.com