v28.2 What’s New
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v28.2 What’s New

Updated: Aug 4

PDP: Revised Data Standards 

We have enhanced Platinum with the revised data standards provided by the Pensions Dashboard Programme. The work delivered includes changes to formatting, new data item options and new rules for excluding members from the Dashboard.


Capped Drawdown - GAD Tables 

The new HMRC GAD Tables have been seeded into this release. Any capped drawdown calculations post 1st September 2025 will reference the updated tables.


Simplifying In Specie Transactions 

We are providing more flexibility and control around how in specie transactions are recorded, as well as simplifying the process flow. 


You can now: 

  • Reverse in specie transactions 

  • Record in specie transactions before setting up the relevant investments in Platinum 

  • Process transfers on investments before finalising plan details such as the crystallised/uncrystallised split 


To achieve this, we have decided to separate the 'pension' view of the transaction from the 'investment' view of the transaction. This applies to all types of investment: self-managed investment, property or portfolios. 


PSR: Holding Status and Redemption Date changes 

We are changing the way that "Status" is calculated on portfolios and self-managed investments. "Status" will now be manually controlled and no longer automatically calculated from transaction data. This allows for improved flexibility when managing investments. 


To facilitate this change, we have added new fields "Opened Date" and "Closed Date" to both portfolios and investments, which will control the status. We have also merged the "Full Sale" and "Partial Sale" transaction types into a unified "Sale" transaction type. 


Simplifying Investment Valuations 

Changes have been made to simplify the way we calculate the value of investment holdings. These changes will not affect the value of any holdings where a 'valuation' has been recorded, nor will it affect the creation of valuations as part of the investment holding feed. 


For Self-Managed Investments, Valuation Level Portfolios and Transaction Level Portfolios we now calculate the value from the latest record in the "Valuation" grid only rather than calculating the value based on transactions or units.   


Annual Review Packs (ARP) Enhancements

 Following feedback from clients and a full review of the existing functionality, improvements have been introduced to the ARP templates and processing.  


The ARP will now only include contributions, crystallisation events, transfers in, transfers out, benefit payments, and bank transactions that occurred within the defined reporting period. Assets included in the pack will be limited to those held during the reporting period, and values will reflect their position within that timeframe. 


Further changes have been introduced to improve performance when generating large batches of ARPs using Azure Batch processing. Users can monitor batch progress, receive a notification upon completion, and download the generated documents for up to 30 days after completion. 

ARP – Valuation Report 

ARP – LSA/LSDBA Statement  

 

SMPI 

We have improved error handling for SMPIs with the aim of reducing the number of possible failures: 

  • Where a normal retirement date or age has not been recorded for a member, the SMPI calculation will default to age 75. 

  • Where a member has already exceeded their normal retirement age, a brand-level override can be applied to define an alternative normal retirement age for all members within the brand. 

  • By default, where a member's fund is exhausted in an SMPI, a £0 SMPI will be produced, or  'less than £120 pa' is shown for the projected income. 

  • Users can configure whether SMPI content should be included in the ARP. 

 

V28.2 API Endpoint Updates  

As part of ongoing improvements to our APIs, we have simplified the structure of several public endpoints and extended their functionality.  Full details are available on the Delta client portal.

   

Report templates 

Enhancements have been made to a set of report templates – details of these were shared in our announcement email on 11th July. Please refer to this for any action required.

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