UBS Australia will soon launch a direct-to-member superannuation platform which the investment bank claims would be the alternative to self-managed super funds (SMSFs).
The platform, which UBS created in partnership with FNZ Australia, will allow members online access to their individual investments and the ability to invest in a range of product options, such as domestic and global equities, term deposits, managed funds, model portfolios and cash products.
Scott Webster, head of UBS Platform Solutions Group, said the new platform would provide an alternative to establishing an SMSF.
"We are excited to invest in the platform and be able to provide individual superannuation fund members with the choice of managing their own investments…while remaining within their trusted superannuation fund," Webster said.
Under the alliance, UBS and FNZ will closely align ongoing product design, technology and delivery of product for Australian superannuation funds, the investment bank stated.
