Interim Web Release - 19 April 2023

Dear Client,

We are pleased to advise you of our latest software release which is planned for this evening, 19th April 2023. The release includes the following:

New Features:

1. MIS withdrawals. We now can instruct MIS (Multiple Investment Strategy) withdrawals on the sub-accounts directly for GIAs and ISAs. Only the bank accounts associated with the primary account are available for selection when doing this and no new bank addition are permitted.

Improved Features and Enhancements:

1. Additional Frequency options available for Income withdrawals. The income withdrawal option now has a frequency selection of Monthly, Quarterly, Half yearly and Annually available.
2. Text update for the growth rates in the Illustration. The growth rate table’s accompanying wording has been updated following a request from the Compliance team.
3. Fixed the change in frequency for the Regular Withdrawals. Amending only the frequency of a regular withdrawal is now a permitted action and allows the completion of the amendment process.
4. Validation added on the ISA subscriptions for a monthly Bed&ISA. We now validate the internal transfer value for ISAs based on the selected frequency and the remaining subs for the year to ensure no oversubscription can be added.
5. Validation added for the Drawdown Illustration. A validation has been added in the ‘Start Illustration’ journey where, if the ‘Drawdown Required’ is enabled and attempting to generate an illustration before filling in the required drawdown details then an Error message is now displayed.
6. Fixed the model selector bug in the ‘Start Illustration’ screen. The ‘Start Illustration’ journey’s model selection list is refreshed and displayed correctly when switched from the Company models to Managed models tab and vice versa.

1. Recalculate the Max PCLS when the contribution value changes in the Start Illustration journey. If you enable the Max PCLS option and then subsequently change the crystallisation values for any transfers, the ‘Generate Illustration’ button is now disabled, and a message is displayed so the user can uncheck and recheck the option to have it recalculate.
2. Included Tax relief in PCLS values on the Illustration. The gross amount for personal contributions is now used when calculating the total uncrystallised amount in the portal to ensure the PCLS limit is correct.
3. Fixed UFPLS drawdown arrangement submission. When selecting the UFPLS option in the ‘Drawdown Arrangement’ screen, the validation has been fixed to no longer check the PCLS bank details as they will not be present for this flow.
4. Bug fix for the corporate investors. A bug that stops the ‘Corporate’ investors’ record from being updated is now corrected.
5. Removed the platform annual fee cap when generating an illustration for BPS (Bespoke) models and FLB (Floating BPS) models. The platform annual fee cap is no longer displayed on the CTC Elements illustrations when the chosen model is a BPS or FLB type.

Kind regards

Douglas Boyce

Managing Director