Enhancements will be made in the next release of SIPP~Pro and SSAS~Pro to facilitate the recording of Fixed Protection 2014. Changes will also be made to calculation routines to reference the protection in the same way as the existing Primary, Enhanced and Fixed Protection functionality.
We welcomed 19 of our clients to our Round Table event at the Ansty Hall Hotel on 13th June to discuss changes to Key Features Illustrations following the publication of CP12/29 and SMPIs following the publication of V3 of TM1.
The Round Table event was incredibly useful from our perspective in terms of both the extent of the feedback gathered and also the opportunity to catch up with so many of you face to face. The comments from the attendees’ feedback forms demonstrated the value of sharing views with other providers – they included ‘A useful overview of regulatory changes as well as how systems might adapt for them’ and ‘Very helpful. As a small provider it is good to see how others use the system and gain from their ideas’.
The latest review was carried out by the FSA to investigate concerns and determine the extent to which SIPP operators had adapted their processes and procedures to reduce risks following their 2009 report.
The publication of the FSA’s findings on 23 October concentrated on risk planning and mitigation, the application of CASS rules and controls on investments held in SIPPs.
One of the areas highlighted was that some SIPP operators have inadequate risk identification processes and risk mitigation planning, underpinned by poor quality management information.
Those of you who attended our User Forum in June will be aware that we have developed a new suite of management information reports in the Report Engine based on both feedback from you and the findings in the FSA’s original thematic review in 2009.
The reports will enable our clients to analyse and report on data held in SIPP~Pro covering the following key areas:
- New business
- Scheme membership
- Assets under management
- Contributions and transfers
- Benefit payments
- Cash balances
Due to the large number of new reports being introduced they will be released in two phases. Please contact the Delta Support Team to arrange for them to be deployed to you.
We are pleased to announce new SSAS~Pro integration with Cater Allen in V16 of SSAS~Pro.
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.
These reports are now available in the Report Engine enabling you to issue Pension Savings Statements to members who exceed the annual input limit in a pension input period or on request.
From time to time we receive requests from clients for new user licences for use by temporary staff helping with data input and other projects.
We are very happy to provide user licences on a temporary basis as long as you make us aware of this when the licences are requested so that we can mark them as such on your Licence Pricing Schedule. We do ask that the licence is put in place for at least one quarter and that you come back to us to tell us when you would like it removed.
Our Support Team is able to add new user licences at relatively short notice.
Our Microsoft apprentices Jacob Freeman and Luke Hennerley have made incredible progress over the course of the last year and are due to complete their apprenticeships at the end of July.
Apprenticeships are a crucial way of providing training in vital technical skills. Each year Microsoft announces winners of their Apprentice of the Year awards to recognise the hard work and excellence of the thousands of Microsoft-backed apprentices and their employers.
The winners were announced at Microsoft’s annual Parliamentary Reception in the House of Commons, on 3 July and Delta was thrilled to be awarded the Apprentice Employer of the Year award in recognition of the support given to our apprentices.
This is incredibly exciting for us, having been selected from over 3,000 employers participating in the Microsoft Apprenticeship scheme this year.
Building on this success we are currently recruiting for a new apprentice for our Client Support Team in order to boost the front line support we provide to our clients.