Morningstar will take over management of the UK wealth industry’s core Pimfa benchmarks.

Personal Investment Management and Financial Advice Association (Pimfa) has appointed Morningstar as the sole index provider for its Private Investor Index Series and Equity Risk Index Series, with the change taking effect from 2 March. Morningstar will become the authorised index administrator for the benchmarks Under the agreement, Morningstar will become the authorised index administrator for the benchmarks, which are widely used across the UK wealth management industry for portfolio perf