Further LTAA Enhancements - BCEs
This update specifically addresses the administration of Serious Ill Health Lump Sum (SIHLS), Annuity Purchase, and Scheme Pension events that have occurred post 6th April 2024. These events can now be created in the system in accordance with the latest regulations. Additionally, any related claim transactions can be processed and paid out accordingly.
The optional PDF Report that can be generated during the RBCE process has been revamped to include the LSA and LSDBA allowances used and the allowances remaining. In addition, the breakdown of taxable and non-taxable PCLS entitlement has been included.
Reporting changes - REP015 Questions 4, 5, and 10
A new "Valuation at First Crystallisation Event" field is introduced for manual plans. The REP015 report is updated such that Question 10 now considers the value of this new field. This ensures historic values can be captured helping you to meet your reporting obligations.
Full Payment Submission (FPS) Process Improvements
Significant enhancements have been made to the FPS in Platinum’s Payroll Module to improve both efficiency and compliance.
Reportable vs. Non-reportable Payments: A new grid has been introduced, making it easier to differentiate between payments that need to be reported to HMRC and included in the FPS, and those that do not.
Money Movement Data File: The FPS process now generates the Money Movement Data File immediately after authorisation allowing for faster preparation of payments at the earliest opportunity.
Removal of CVMs
We have enhanced the ability to delete CVMs to ensure they can be easily deleted after transactions are reversed or fully refunded. New validations are also introduced to ensure the integrity of claim transaction data.
Wake Up Packs - New templates in Report~Pro
The Wake Up Pack report templates have been migrated into Report~Pro, enabling you to easily customise your report outputs to suit your specific needs. We will update Platinum in a future release and give you prior notice of this, however including them now gives you the opportunity to review, customise and give feedback on these templates before their integration into the Wake Up Pack process.
Report~Pro upgrade
Report~Pro has been upgraded to the latest version, introducing several new features. These enhancements include section-based formatting, which allows for mixed page orientations within the same report, as well as a refreshed report designer interface.
Functions area extended for easy data extraction
The functions area has been expanded to facilitate the easy extraction of records processed within the batch, streamlining reporting and reconciliation tasks.
Platinum Learn
We have refreshed the presentation of the Platinum Learn online user guides.
You will continue to be directed to the guides relevant to the area of Platinum you are using, however you can also now easily locate guides by navigating through the new menu on the left hand side. Please note that the URL has changed for the user guide site, so if you have recorded any of the links, for example in internal process documents, these will need to be updated.
API Updates
We continue to expand on and develop our public APIs with this release introducing POST and PATCH end points for claim transactions.
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