Actuarial services products do not require all of the Product Update Types that are usually required for a retirement product to be completed.
When a new product is captured and the Type of Product field on the JU1BK Nature of Product screen is CONSULTING, and the OK button is selected on the New Product Details screen, the Status will be changed to LAUNCHED and all of the Product Update Types will automatically be closed with the exception of the REGISTRATIONS and CONTACT PERSONS Product Update Types.
The REGISTRATIONS Product Update Type must be processed to record the FSB Registration Number and the SARS Registration Number.
The CONTACT PERSONS Product Update Type must be processed to record the Actuary (Valuator) and the Consultant.
Refer to Product Update Type: Registrations under
Product Launch Requirements
Launch and Update
Refer to Product Update Type: Contact Persons under
Product Launch Requirements
Launch and Update