XPLAN Version Enhancements - August 2021 (Versions 21.8.181 - 21.8.183)
XPLAN Version Enhancements - August 2021
Client Focus
Automatic setting of Due Date for Fee Consent Forms when using Digital Signature (21.8.181)
Email Address Validation (21.8.181)
Moving SIS Integration Endpoints in System Settings (21.8.181)
When
taking the new version there is an upgrade script to automatically move the
existing integration endpoints into the new System Settings > SIS area.
Digital Signature - Show Client First Name instead of Preferred Name (21.8.183)
As Digital Signature is often used for agreement to legally binding documents, the name of the signatory on the digital certificate has been updated to display first name instead of preferred name.
The name of the signatory displayed in the digital signature hub and when the client is signing the document has also been updated to display using their first name.
Portfolios
New Resourceful API Parameter added to support retrieving transactions across multiple account groups (21.8.182)
A new optional request parameter, "group_codes" is available for the GET /resourceful/portfolio/transaction resourceful API. Account group codes can be passed through this parameter to retrieve their respective transactions.
This
parameter can take single or multiple account group codes and cannot be
requested alongside "accountid" or "portfolioid". A minimum
IPS version of 21.7.180 is required for this new input parameter.
Xtools/Xtools+
Xtools+/CALM - Improved Transfer Balance Cap and Total Superannuation Balance (TSB) Calculations (21.8.182)
Please refer to KB Article or Iress Community Article CALM Xtools+ How to use the new Transfer Balance Cap and Total Super Balance calculations (and more) for a detailed explanation of the changes, a worked example and the Xmerge codes.
We've improved the Transfer Balance Cap, and Total Superannuation Balance calculations:
· We now calculate future increases to an individual's Personal Transfer Balance Cap using their highest ever Transfer Balance Account.
· The portion of a person's Total Super Balance that does not relate to Account-Based Pensions no longer increases in line with the General Transfer Balance cap.
· Xmerge paths were introduced so that you can merge Inputs and Calculations into your advice documents.
You can now use the new Input cells;
· Personal Transfer Balance Cap (as of 1 July 2021): This amount is relevant to individuals with an existing Transfer Balance Account prior to 1 July 2021. You will need to calculate the Personal Transfer Balance Cap manually, including any 1 July 2021 indexation increase.
· Highest Ever Transfer Balance Account: This amount is relevant if a Client's Transfer Balance Account has decreased since commencement and is used when future indexation increases to the Personal Transfer Balance Cap are calculated.
Xtools+/CALM - Improved Transfer Balance Cap and Total Superannuation Balance (TSB) Calculations (21.8.182)
You can now enter a client's Initial Total Superannuation Balance manually instead of using the automatic calculation (based on initial account balances.) For example, you can use the manual entry to help model cases where superannuation contributions are being recommended and the individual’s underlying accounts have increased in value since the Total Superannuation Balance date of30 June. This type of modelling would not have been possible previously without making adjustments to the display screen.
The
new TBC and TSB inputs can be seen in the screenshot below:
Xtools - Retirement Funding (21.8.182)
You can now start projections in the next financial year as well as in the current financial year. The option to commence projections in the next financial year means that:
· As a new financial year approaches, you can base projections on more up to date balances that incorporate your planned end of financial year strategies.
· You can carry out modelling in advance of a new financial year without waiting for the 1 July Legislative update.
·
Existing strategy modelling may be more relevant to reuse as a
basis when reviewing financial advice the next year.
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