Genovo Suitability Report 2017-18 Tax Year Updates

Genovo Suitability Report 2017-18 Tax Year Updates

Team Genovo

Here’s a summary of the new updates and features you’ll discover the next time you log in to the Genovo suitability report app.

App

ModuleFeatureUpdate / Enhancement
Provider LibraryAdded new providerWe've added the following new provider:
- Zurich Wrap
Plan Comparison - Pension SwitchingSelectapension projected pension fund comparison tableWe've updated the html code in our Knowledge Base article to reflect the slight changes Selectapension have made to their standard output.
Read More...

Section Wizards

Section(s)Step(s)Update / Enhancement
Review of Your Existing InvestmentsPlan SummaryWe've added the following investment:
Lifetime ISA
New Investment RecommendationPlan SummaryWe've added the following investments:
Lifetime ISA
NS Premium Bonds
NS Investment Guaranteed Growth Bond
Review of Your Existing Investments
New Investment Recommendation
DisadvantagesWe've added some new LISA-related advice reasons.
Review of Your Existing Pensions
Review of Your Existing Retirement Income Plans
Drawing Benefits from Your Pension Fund
Disadvantages
Recommend Action
Other Solutions
We've updated the standard advice reasons to reflect the changes to the Money Purchase Annual Allowance.
New Investment Recommendation
New Pension Recommendation
Other SolutionsWe've added LISA as a new advice option.
New Pension Recommendation
Drawing Benefits from Your Pension Fund
Other SolutionsIn line with FCA suggested best practice we've added the following advice option:
Partial transfer of your defined benefit pension
Read more...

Report Content Manager

SectionSnippet NameUpdate / Enhancement
Executive SummaryTitle & OpeningWe've slightly edited the wording.
Appendix - Product InformationNS Premium Bonds
NS Investment Guaranteed Growth Bond
Lifetime ISA
These are new snippets that we've added.
Appendix - Product InformationNEST
QROPS
Individual Savings Account
Junior ISA
We've updated these snippets.
Appendix - Product InformationCollective Investment Taxation (Private Client)
Direct Equity Investment Taxation (Private Client)
Discretionary Managed Portfolio Taxation (Private Client)
General Investment Account Taxation (Private Client)
Investment Trust Taxation (Private Client)
Structured Investment Product Taxation (Private Client)
We've updated these snippets.
Appendix - Product InformationCollective Investment Taxation (Bare Trust)
Direct Equity Investment Taxation (Bare Trust)
Discretionary Managed Portfolio Taxation (Bare Trust)
General Investment Account Taxation (Bare Trust)
Investment Trust Taxation (Bare Trust)
Structured Product Taxation (Bare Trust)
We've updated these snippets.
Appendix - Product InformationCollective Investment Taxation (Interest in Possession Trust)
Direct Equity Investment Taxation (Interest in Possession Trust)
Discretionary Managed Portfolio Taxation (Interest in Possession Trust)
General Investment Account Taxation (Interest in Possession Trust)
Investment Trust Taxation (Interest in Possession Trust)
Structured Product Taxation (Interest in Possession Trust)
We've updated these snippets.
Appendix - Product InformationCollective Investment Taxation (Discretionary and Accumulation & Maintenance Trust)
Direct Equity Investment Taxation (Discretionary and Accumulation & Maintenance Trust)
Discretionary Managed Portfolio Taxation (Discretionary and Accumulation & Maintenance Trust)
General Investment Account Taxation (Discretionary and Accumulation & Maintenance Trust)
Investment Trust Taxation (Discretionary and Accumulation & Maintenance Trust)
Structured Product Taxation (Discretionary and Accumulation & Maintenance Trust)
We've updated these snippets.
Appendix - Technical NotesPensions
Pension Switching
Inheritance Tax
Long Term Care Planning
We've updated these snippets.
Please remember the changes we make to the report template will only take effect in your reports automatically if the Genovo version of the snippet is selected as active in your Report Content Manager (it is by default).  For more information about the Report Content Manager and updating of snippets check out the Genovo Knowledge Base.

Let us know what you think

If you’ve got any suggestions – no matter how big or small – as to how we can improve Genovo or there’s a new feature you’d like to see added, we’d love to hear from you. Send us a message with your thoughts and we promise we’ll get back to you.

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