Summer Budget – Genovo Updates

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.


FeatureModuleUpdate / Enhancement
Attitude to Risk ProfilesATR ProfilesWe'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.


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

Report Template Text

SectionSnippetUpdate / Enhancement
Investment RecommendationRetained Interest TrustThis is a new snippet.
Appendix - Product InformationCollective 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 NotesPensionsThis snippet has been updated to reflect the changes announced in the Budget to the annual allowance.
Appendix - Technical NotesInheritance TaxThis 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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