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Index |
Details of change |
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CC1588, CC1594, CC1595, CC1596, CC1598, CC1600, CC1601, CC1602, CC1603, CC1604, CC1605, CC1606, CC1607, CC1608, CC1609, CC1610, CC1611, CC1612,CC1613, CC1614, CC1615, CC1616, CC1620 |
Miscellaneous updates made since last release, including the correction of minor errors, enhancing readability, etc. |
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CC1589 |
A set of reports for annuitant payment run reconciliation purposes has been created under Processes > Regular Payments > Reports > Summarised Recon Report, to show all of the changes for all the schemes for all the payment days under a holding fund for a specific month. |
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CC1590 CC1591 CC1593 |
Validation has been added in order to re-validate a bank account each time it is used in order to avoid the bank accounts being validated with e.g. one ID number and then subsequently being used for a payment to a different person. The following validations have been added: · South African ID Numbers will be validated using the Home Affairs link · Once an ID Number has been validated it will not be able to be updated · The Payee Name on the bank account will be defaulted to the Member’s name · If, in the benefit payment process, an existing bank account is selected then the account will be reset to Not Validated and included in the bank account validation file again · A Bank Account Links report has been be provided for audit purposes of all bank accounts linked to multiple persons. |
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CC1592 |
The following additional Guardian details have been added under the Trust Details section on the Investment Detail – Beneficiary page: · First name · Date of Birth · ID Number |
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CC1597 |
Functionality has been added to write-up the book value in the Beneficiary’s unitised investment account when money is disinvested to cover the regular payment amount. |
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CC1599 |
A Beneficiary Statement of Account has been added for Beneficiary Funds. |
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CC1618 |
Functionality has been added to automatically send a SMS or EMAIL once a step has been completed in the benefit payment and contribution processes. |
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CC1619 |
Changes have been made to the Tax Extract file for Annuities in terms of the 2017 tax year submission as published in SARS Public Release Business Requirements Specification: PAYE Employer Reconciliation. |
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CC1620 |
Additional configurable reports have been added for beneficiary funds using the flexible format used for administration reports. This includes the addition of the selection of the originating retirement fund and / or the participating employer when requesting the report if the fund is a Beneficiary fund. These reports are: · Executive Summary · Operations Report · Activity Report |
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CC1621 |
Added a Bulk extract of beneficiary statements.
Added a Year End Extract. |
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CC1622 |
Added the Trust Register Extract:
Change made on the AF MEM DETAILS report (as seen from the Member Register menu item under Beneficiary Fund) to remove the lines containing:
· Current Unit Price · Current Unit Price Effective Date · Prev Fin Year Unit Price Effective Date · Prev Fin Year Market Value · Prev Fin Year Unit Price |
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CC1623 |
Changes to Password reset to use the client address as the basis for email address when doing a password reset.
Built in a fallback if there is no client address, is to still use the registration email address. |
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CC1624 |
Updated Member Web Portfolio Summary & Return for 12/36/60 Month for both Monthly and Annual BONUS portfolios. |
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CC1625 |
Added screens showing Capital Budget Balances and History
Added a Capital Budget Report |
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CC1626 |
Maximum sum assured is only applicable when a client takes up a policy at NB stage.
The system has been updated to allow for the sum assured amount to go beyond the maximum sum assured that was selected at new business. The maximum amount is only applicable at new business stage however the funds may grow and exceed the maximum amount over the lifetime of the policy if a client chose an API. |
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CC1627 |
The system has been updated to cater for the production of a letter to the guardian for the beneficiaries that turned 16 and the processing of the returned Decision Form and for the production of a letter to the beneficiary three months prior to the beneficiary’s termination date. The notification letter will be generated in a new monthly batch job. |
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CC1628 |
The system has been updated to cater for the application of a different asset allocation on rebalancing a beneficiary’s investments to the initial allocation based on the beneficiary’s age |
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CC1629 |
The system has been updated to cater for the recording of warnings that users need to be aware of when processing anything for a beneficiary. It also covers the provision of the following additional fields for a beneficiary: • Prison Release Date • Consent to Pay
The Consent to Pay field provides the ability to indicate that consent has been provided for money to be paid to the guardian in the case of an adult beneficiary or to be paid to a minor beneficiary.
The facility to capture and view warning statuses is provided.
These warning statuses are included on the existing Beneficiary Information page that can be opened from the Investment Details page. |
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CC1630 |
Updated the system to provide for capturing a Last Contact Proof of Existence date and method.
Added a Proof of Existence Report. |
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CC1631 |
The system has been updated to handle money received for an additional beneficiary after the other beneficiaries have been set up and the initial money that was received has been allocated to them.
There are two processes that can be used depending on how the death benefit money is received. · The BENEFICIARY NEW MONEY processed can be used where one amount is received for a number of beneficiaries that must then be split between them. · The BENEFICIARY INDIVIDUAL INVESTMENT process can be used where one amount is received for each beneficiary. |
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CC1632 |
Updated the system to cater for the production of a report of beneficiaries with small benefits i.e. where their investment value is less than R15 000. |
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CC1638 |
The system has been updated to maintain and display an education level table, as well as to provide a grade comparison report for Beneficiaries. |
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