Xmas Bonus Release: Genovo New Features

Team Genovo

With Christmas just around the corner we’ve been racking our brains as to how we could best say thank you to our users for making our first full calendar year in business such a rewarding one.

So in between wrapping presents for our Secret Santa and decorating the office, we’ve been busy adding yet more features to Genovo. But these aren’t just any features – a lot of them have been specifically suggested by our valued customers.

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

Module	Feature	Update / Enhancement
Attitude to Risk Profiles Library	New ATR Profiles	We've updated the Axa (1-7 scale) and added the new Axa (1-10 scale) ATR profiles. Thanks to Martin @ Freedom Financial Planning for giving us the heads up on this one.
Appendix - Plan Comparison	Plan Charges	When replacement business is being recommended, the charges tables from the review and recommendation sections will now be automatically inserted here as well. Read more here... Thanks to Mike @ Clear Paraplanning for this suggestion.
Genovo HTML Editor	Insert page break function	We've become aware of a bug which meant a page break wasn't always being inserted. This is now fixed.

Advice Options & Reasons Library

Section(s)	Step(s)	Update / Enhancement
Review of Existing Investments Review of Existing Pensions Review of Existing Retirement Income Plans	Plan Comparison - Performance	All of the benchmark fields in the performance table are now "intelligent". Read more here... Thanks to Paul @ Helm Godfrey for this suggestion.
Review of Existing Investments Review of Existing Pensions Review of Existing Retirement Income Plans	Recommend Action	You will now be prompted to compare the performance of the current and recommended alternative investment strategies when recommending a fund / portfolio switch. Read more here... Thanks to Paul @ Advisa for this suggestion.
Review of Existing Investments Review of Existing Pensions Review of Existing Retirement Income Plans Pension Recommendation Pension Benefits Recommendation Investment Recommendation	Charges	We've added Total Charges as an "intelligent" field to the Charges step in all of these sections. Thanks to Sarah @ Proparaplan for this suggestion.
Mortgage Recommendation	Mortgage Details	You can now recommend multiple mortgages in this step. Thanks to Martin @ Vale Insurance Services for this suggestion.
Mortgage Recommendation	Mortgage Details	To reflect the new Mortgage Credit Directive rules we've added the following as an "intelligent" field: APRC % (Annual Percentage Rate of Charge)
Mortgage Recommendation	Mortgage Details	We've updated the values in the Reason for Mortgage field in readiness for the forthcoming changes to Stamp Duty tax and the new MDC rules.The new fields are: Residential (main residence) Residential (second home) Consumer buy-to-let Professional buy-to-let Commercial Self-build
Important Information	Supporting Info	In line with the new MDC rules we've added the following advice options: Key Facts Illustration plus European Standardised Information Sheet.

Report Content Manager

Section	Snippet Name	Update / Enhancement
Review of Existing Pensions Review of Existing Retirement Income Plans Review of Existing Investments	Further Info (fund switch & rebalance)	The text of these snippets has been updated to reflect the fact that a comparison of performance will now be included in the report.
Mortgage Recommendation	Repayment Method Mortgage Term Why Interest Type Initial Interest Rate Why Product Why Lender	The wording of these snippets have been updated to reflect the changes we've made to this section.
Appendix - Plan Comparison	1) Section Title 2) Charges Subtitle 3) Pension Review Charges 4) Retirement Income Review Charges 5) Investment Review Charges 6) Recommended Alternative Subtitle 7) Pension Recommendation Charges 8) Pension Benefits Charges 9) Investment Recommendation Charges	These snippets have been either edited or added so the charges tables from the review and recommendation sections can now be automatically included in this section as well.
Appendix - Plan Comparison	Projected Fund Comparison	A new blank snippet has been added (which will be automatically triggered for pension switching reports) where you can add a projection of benefits / fund value comparison. Read more here...
Appendix - Glossary of Terms	Mortgages	We've added Annual Percentage Rate of Charge

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.

Share this post

< Back to latest news