The Worklog Module is now part of the core Administration Modules of SIPP~Pro and SSAS~Pro at no additional cost in recognition of the high standards of record keeping demanded by both HMRC and the FSA.

This gives our clients the opportunity to record all activity against the scheme/member record, measure responses against service standards and produce extensive reports to analyse service levels for management information and TCF purposes. It also gives the facility to record "negatives", i.e. those things that did not happen, such as declined investments.

The Worklog Module also enables recording of time cost billing and cheque logs. For more information please contact the Support Team or visit our Worklog page under either SIPP~Pro or SSAS~Pro.

Version 14 of SIPP~Pro is now available and includes:

 

-     new functionality to allow users to record Flexible Drawdown information at plan level.  Calculation functionality for flexible drawdown has also been included as part of the partial and full drawdown calculation routines;

-     HMRC Reporting – two new event types for Flexible Drawdown and Unauthorised Borrowing have been added along with a new ‘Accounting for Tax’ record for the Annual Allowance Charge;

-     a ‘Receiving scheme’ field for transfers out has been added to the Cluster Payments screen along with a link to the Providers database to enable users to capture data for management information purposes;

-     an enhancement to the Pension Review routine to handle recalculation of limits on partial annuity purchase or pension sharing orders;

-     an enhancement to the Customer Invoicing Module to enable bulk submission of invoices to members’ bank accounts where the payment method is ‘policy credit’. This removes the need for individual submissions as an entire found set can now be submitted;

-     the addition of a new ‘Virtual Banking module’ to SIPP~Pro and the DMM – more on this below.

Version 13 of the Delta Module Manager (DMM) is also now available and includes:

 

-       enhanced Pension Scheme Return Modules for SIPP~Pro and SSAS~Pro with submission of the return directly to the Government Gateway meaning that no manual input or third party submission service is required;

-       the option of using a different growth rate for cash deposits within SMPI calculations;

-       a new Generic Investment Feed Module (see below);

-       a standard report in the Report Engine enabling you to identify members approaching their selected retirement age and issue wake up letters in bulk.

 

Please contact the Delta Support Team if you would like to book in your upgrade or require more information about the new functionality.

Over recent years we have seen a number of our clients moving from paper files to electronic document management systems in order to streamline their business processes. As a result we offer integration for SIPP~Pro and SSAS~Pro with Virtual Cabinet and the INVU document management system.

Records can easily be accessed by one click from the member record within SIPP~Pro and the scheme record within SSAS~Pro.

Please contact us if you would like more information.

The integration of SIPP~Pro and Barclays IFS has now gone live enabling use of the Virtual Banking Module in SIPP~Pro as the system of record with new accounts opened and all payments initiated from one touch processing backed up by a robust authorisation process.

Barclays IFS is a ‘virtual’ cash management system supplied by Barclays Commercial that enables pension product providers to manage cash on a pooled account basis.

In addition the integration also enables auto-matching of expectations, i.e. where a payment is due such as contributions, transfers, property income and investment sales, SIPP~Pro will identify the payment in and update the “paid” date in SIPP~Pro.

Bank interest payments are auto-populated in SIPP~Pro and all bank transactions are auto-reconciled via the Client Money Reconciler Module.

Please contact the Delta Support Team if you would like more information.

We have seen a huge increase in demand for SSAS~Pro during 2011 with scheme administrators choosing to adopt a solution specifically designed to cope with the responsibilities of SSAS administration.

The need to maintain comprehensive records, carry out complex drawdown calculations (often on multiple tranches of benefits), demonstrate that properties are administered correctly and make detailed reports to HMRC are time consuming and increase business risks.

Our technical support and training teams have installed SSAS~Pro and provided training for nine different clients during the past twelve months.

These new implementations, in addition to a number of new SIPP~Pro implementations over the past year, underline Delta's position as the market leading provider of both SIPP and SSAS administration solutions. We currently have over 100 live installations of either system across the UK.

We are pleased to announce new SSAS~Pro integration with Bank of Scotland’s iSite and Royal Bank of Scotland’s Bankline.

The Bank Interest Feed Module is now available for the creation of the monthly interest credit transactions in SSAS~Pro, thus removing the requirement for manual input.

Please download the SSAS~Pro Product Outline for more information or contact the Delta Support Team who will be pleased to help.

In response to client feedback the SIPP~Web Module has been enhanced both in terms of the general look and feel and the addition of a new Drawdown screen for members where benefits have been crystallised.

SIPP~Web offers an affordable means of displaying static SIPP member data to advisers and/or members based on the previous night’s Report~Pro export.

A demo of SIPP~Web is available on our website under SIPP~Pro - Online Services.  It is possible to suppress screens to meet individual client requirements and tailoring of colour and style to meet website branding requirements is available as customisation.

The new version of SIPP~Web will go live on 20 February 2012.

The new Generic Investment Feed Module is now available in Version 13 of the DMM which enables users to import portfolio values into the Holdings area of SIPP~Pro using a simple file format.

The Module can be used to update Holdings values for any number of fund managers, stockbrokers and fund platforms as frequently as required.  It offers a cost effective means of keeping investment values up to date without the requirement for manual data input.

Please contact the Delta Support Team for more information about this new module.

Delta is pleased to be sponsoring the AMPS HMRC Workshop at the London Paddington Hilton Hotel on 28 February.

Alison Stocker and Claire Court will also be attending as delegates and are both looking forward to catching up with you there.

Delta does not envisage any major disruption to our business during the London 2012 Olympics.

 

Our main offices are in Nuneaton in Warwickshire, well away from any of the major Olympic venues, so we anticipate disruption for the vast majority of our staff to be minimal.

 

Delta also has an office in Richmond, on the Thames in West London, and this is near to some of the major outdoor spectator events including the delivery of the Olympic torch down the river Thames, and the long distance cycle races, which go through the nearby Royal parks in the Borough. However, as these events are all taking place mostly at weekends and as this office only has one full time employee based there, (who in any event is able to work remotely from home if required) again, we expect any disruption to be absolutely minimal to the day to day running of our business.

 

Our project and relationship managers are aware of the timetable/location of the Olympic events and have therefore been briefed to take this into consideration when arranging any business critical activities that might require travelling to a client in a location affected. Instead use will be made of remote connections and teleconferencing where possible.

 

We have also consulted the operators of our data centre, Node4, and they have confirmed that, whilst they are aware of the potential impacts that the Olympics may cause, they operate a resilient network with robust break out points in both London and Manchester and do not anticipate being affected by any outages in London. In addition the data centre is currently run at around 25% of broadband utilisation and therefore traffic can be re-routed without any degradation of service.

 

We do not therefore anticipate any major disruption to the day to day business of Delta, either for our staff or more importantly our customers, at any time during the London 2012 Olympics.