XPLAN Version Enhancements - October 2021 (Version 21.10.191)
XPLAN Version Enhancements - October 2021 (Version 21.10.191)
Client Focus
User Time Taken Xport Performance Improvement
We have made improvements to the performance of the user Xport when you are extracting data from the Time Taken Ticker. The Xport will now run more efficiently when generated against the whole user base.
Fee Consent Forms Added as Attachments When Generated via a Task
To provide you with a variety of ways in which to generate advice fee consent forms, we have updated the functionality when generating via the task Xmerge tab so that, for easy access, the merged fee consent forms are added as individual attachments to the task.
Portfolio
Exclusion of Portfolio from Funds Under Management (FUM) Reporting
Previously in order to exclude all the positions in the Xplan account from FUM based reporting, the user had to update the Under Management flag for each position individually in the Xplan Portfolios > Portfolio > Position’s Holding Details screen. This makes the process tedious and time consuming.
With this new feature, the user can now set the Under Management flag for ALL positions in XPLAN account simply by updating the XPLAN account's Exclude from Funds Under Manage (FUM) flag in the XPLAN Portfolio > Admin > Cash & Accounts' Edit Account Details screen as shown below:
By default, the XPLAN account's Exclude from Funds Under Management (FUM) flag is unselected.
When Exclude from Funds Under Management (FUM) is unselected, the Under Management flag for the individual positions in this account will be dependent on the security’s Default Funds Under Management flag.
This means that
- The positions within this account will be included in FUM reporting i.e. Under Management flag is set as Yes in Position’s Holding Details screen if the security’s Default Funds Under Management is either Not Set or True.
- The positions with this account will be excluded from FUM reporting i.e. Under Management flag is set as No in Position’s Holding Details screen if the security’s Default Funds Under Management is False.
WealthSolver
Updating Documents for Derived and Custom Plans
WealthSolver has added the ability to specify the document type when adding disclosure documents to a derived or custom plan. This change allows users to select Type is TMD for TMDs and the document will come through on the TMD declaration screen. If the type is not listed as TMD the document will not appear in the declaration screen.
Where there are more than one TMD that requires uploading users will be required to add a zip file containing all documents. A warning will appear if more than one TMD is being uploaded.
Investment Option Default Altered in TMD Declaration
Based on feedback the TMD declaration has been altered for the underlying investment options. Where the Platform response is ‘Yes’ to the meeting of TMD requirements the underlying options will no longer default to Yes.
Access Option TMD in Investment Details Pop Up
WealthSolver has added a new tab within the investment details popup for the TMD of the option. If a link to the TMD is available you will be able to access the TMD in this tab while undertaking research in relation to the particular option.
XPLAN Fixes
Client Focus |
| The timeout error displayed when browsing the second page of user search results has now been fixed. |
| The issue where fee consent forms merged via the task xmerge tab were generated daily has now been fixed. |
Portfolio |
| The performance issue in the proposed Infocus screen has now been resolved. |
Xtools |
Optimiser: When Income Support Pensions or Jobseeker Payments were being assessed, some Debts were offsetting Assets they did not secure. (For example, a home loan was reducing the assessable value of a managed investment). Assets are now assessed net of linked/secured Debts only. |
Optimiser: Loan Interest was not being offset against Rental Income when calculating Assessable Incomes for the Centrelink Income Test. Rental Income is now assessed net of interest from a linked Debt. |
Optimiser: When Income Support Pensions or Jobseeker Payments were being assessed, debts were not being offset against the value of an Asset when calculating Assessable Assets. Assets are now assessed net of a linked Debt. |
Optimiser: The text relating to the non-concessional cap bring-forward rule was updated to reflect the new cut-off age of 67. This was a cosmetic change only, as calculations already reflected this change. |
General |
Display a "site is upgrading" page during the upgrade and check to prompt the user to return after the upgrade completes. |
For more information, please contact support@wealthaxis.com.au.
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