UBS Updates Technology Platform, Cash Award Functionality

Anna Hallissey

8 September 2014

has updated the functionality of its Equity Plan Advisory Services business.

New features include enhanced cash awards functionality, and the UBS One Source Mirror.

The enhanced cash awards function on EPAS allows a single cash award transaction to be settled in cash, stock or a mix of the two. Cash awards are often issued by firms to address the complexities of other award types, including share dilution concerns and country-specific requirements, UBS said in a statement.

Furthermore, the UBS One Source Mirror allows the firm’s financial advisors and administrators to view their clients’ screens while using the UBS One Source online portal, helping users to navigate the site. Advisors will be able to use this function to, among other purposes, help clients locate statements and enter transactions.

UBS has been upgrading its technological offering recently, including the launch of its Knowledge Center, a tool for employee education. Moving forward, the firm is developing features that will “allow participants to view accounts in multiple currencies”, as well as a tool allowing plan sponsors to “better model and forecast” that will be released later this year.

UBS Equity Plan Advisory Services currently serves more than 150 companies representing one million-plus participants in over 150 countries, delivering customized solutions and providing access to advice to all plan participants. UBS Equity Plan Advisory Services provides both partial and full plan administrative services, offering customized plan administration based on specific company needs.