11 Oct Release 11 October 2019 – Additional amount required for Life expectancy

Additional amount required for Life expectancy

In this release functionality have been added to calculate field ‘Additional amount required today’ to Needs analysis cashflows, taking into account the Life expectancy date. For further details see link.

More changes include:

• On Account Details Card->More Actions->Amortise Initial Fees create functionality to specify which cash account’s funds should be used for amortisation
• Improve Bulk Overview functionality
• Move ‘Has overdraft facility” from Bank account to Supplier instrument account
• Improve display of Advisor Fee Report and include Insurance fees in the report
• Add more fields to ‘Additional Details’ on a person
• Add Excessive Instructions – and Large Withdrawals Reports to Instructions->Completed Instructions->More Actions
• Create Bank Statement import formats for Citi Bank and CIC Bank. See link
• Add functionality to specify if insurance – and re-insurance cost are based on benefit – or Insurance Premium amount(on insurance instrument and investment/insurance instructions. See link
• Add ‘Broker fee % of residual’ to insurance instructions and insurance instruments
• Add internal switches to Client group document on Dealer instruction
• Create functionality to enable sending of emails/smses to client and advisor when client log successfully into the system. See link
• Add validation for , and . decimal separators to Fund units and Prices
• Create option to choose ‘Drawdown rate post-retirement’ or ‘Required Monthly Pension In Today’s Terms’ for needs analysis purposes
• Remove pre-retirement cashflows from an already retired person’s Needs analysis
• Add functionality to handle currency at the end of the number, for instance 3,194.00 €
• Mask part of bank details on payment transactions on account statements
• Encrypt backups
• Create Requirements report that list all requirements on the system per entity
• Include all fee types in investor export and import
• Remove reference number field from investor account

Last Updated on 6 years ago by Antoinette Van Meyeren