Morningstar appointed by U.K. association as new sole index series provider

Morningstar (MORN) announced an agreement with the personal investment management and financial advice association, or PIMFA, to serve as the authorized index provider for the association’s private investor index series and equity risk index series, starting March 2. Widely adopted across the U.K. wealth management industry, these indexes provide essential benchmarks for portfolio performance, asset allocation reviews, and fund manager comparisons. Morningstar will manage and maintain the indexes.