Summer Budget – Genovo Updates

Team Genovo

Here’s a summary of the updates and enhancements we’ve applied to the Genovo suitability report app to reflect the summer budget and other developments.

App

Feature	Module	Update / Enhancement
Attitude to Risk Profiles	ATR Profiles	We've added the Financial Network and Standard Life Risk Profiler ATR profiles. If there's any others you'd like us to add, drop us a message.

Wizard

Section(s)	Step(s)	Update / Enhancement
Investment Recommendation	Trusts	We've added the following trust: Retained Interest Trust

Report Template Text

Section	Snippet	Update / Enhancement
Investment Recommendation	Retained Interest Trust	This is a new snippet.
Appendix - Product Information	Collective Investments Discretionary Managed Portfolio General Investment Account Offshore Investment Bond Onshore Investment Bond	Relevant taxation notes will be automatically inserted depending on whether you are writing a report for a private, corporate or trustee client.
Appendix - Technical Notes	Pensions	This snippet has been updated to reflect the changes announced in the Budget to the annual allowance.
Appendix - Technical Notes	Inheritance Tax	This snippet has been updated to reflect the changes announced in the Budget and the introduction of an additional nil rate band allowance.

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 our 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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