This substantial release introduces the following new licensed modules into the Platinum ecosystem alongside important regulatory change
Financial Express Price Feed Module
Platinum’s seamless Financial Express (FE) Price Feed Module fully automates the gathering and upload of market prices and then automatically updates investment holdings records in Platinum. The straight through processing means that your self-managed and transaction level portfolio holdings, administered on Platinum, have up-to-date valuations based on latest imported price.
Platinum is integrated into FE’s fund Info platform which supports a wide range of investment pricing, including coverage for funds, equities, bonds, structured products and more. This integration takes away the need for any manual price updates or manual file imports, thus significantly reducing on administration overheads and handling risk.
Contact us to learn more or to arrange a demo.
Investment Holdings Feed Module
This module allows you to synchronise Platinum Transaction Level Portfolios with off-platform investment managers, fund managers, stockbrokers, discretionary managers, and trading platforms using their latest holdings and investment cash position. You are now able to automate file handling and reduce manual handling risk. Users can configure templates for a range of portfolio managers giving them flexibility to work with a wide range of file formats.
Contact us to learn more or to arrange a demo.
Abolition of Lifetime Allowance
Platinum support for the Abolition of Lifetime Allowance has been further extended in this release. New death benefits processing and the inclusion of regular non-taxable PCLS payments are included within our batch processes.
Cash Warnings
Following our V26.4 release which introduced Cash Warnings for uncrystallised members who are approaching retirement, we have made an amendment to the automation logic that determines the earliest minimum retirement age used to decide whether a member should receive a letter.
Relief at Source (RAS) Reclaim Process Improvements
This process has been enhanced to run more quickly and use the Platinum “notification bell” to signify when the process starts and when it completes, leaving you free to work unimpeded while it is executing.
Technical Updates
We are continuing our posture of keeping Platinum up to date with technology changes by updating numerous components to the latest version of Microsoft dotNet (.NET 8).