v28.1 What's New

This release contains some valuable enhancements to our Client Money Reconciler (CMR) alongside changes in readiness for the new Pension Scheme Return (PSR) reporting requirements.  We have also included efficiencies to Relationship Management and our RBCE processes.

CMR: Bank Reconciliation Improvements 

Enhancements have been made to the Client Money Reconciler (CMR) in Platinum.  You can now delete unmatched records from an imported CMR feed - giving you more control over your reconciliations. Please note that 'matched' records remain protected and cannot be deleted.

Additionally, two new reports have been added to Report~Pro to assist with the reconciliation process:

• Unreconciled Platinum bank transactions

• Unreconciled imported bank account transactions

These reports will help streamline reconciliation processes and improve visibility of unreconciled transactions.

PSR : SIPP & SSAS Income & Expenditure Tracking 

To meet updated PSR requirements, we’ve introduced enhancements to portfolio income and expenditure tracking:

• A new 'Investment Holding' dropdown allows income and expenditure transactions to be linked to specific holdings.

• Submitting these transactions to a bank account is now optional - this means that investment income can be recorded accurately for PSR purposes without impacting bank balances.

Relationship Management: Link Contacts to Multiple Branches 

We’ve made it easier to manage contact relationships across branches:

• A single contact can now be associated with multiple branches, either within the same organisation or across different ones.

• A new Branches grid at contact level shows all branch associations.

• Updates have also been made to contact-adding processes across the system, making it more intuitive and reducing the need for duplication.

Add Manual Plans for Uncrystallised Funds

 New functionality has been added to manually create an Active Uncrystallised plan, so that new monies can be allocated to it.

LTAA - New validations for post 6th April 2024 RBCEs

To support accurate tracking of crystallisation events before and after the Lifetime Allowance Abolition (LTAA), we’ve introduced warnings when users attempt to add a Benefit Crystallisation Event (BCE) dated on or after 6th April 2024 on a plan where a BCE was already performed prior to 6th April 2024.

This warning serves as a reminder that crystallisation events carried out before LTAA should remain on the original plan, while new events post-LTAA should be recorded on a new plan to clearly distinguish between pre- and post-LTAA crystallisations.