Did you know we have introduced a dedicated Fees for disclosure only section in WealthSolver to support complex fee structures, such as Admin Fees paid by Reserve or Admin Fees paid by Employer?
Certain superannuation and pension products use operational fee structures, such as administration costs paid from fund reserves or directly by an employer, where the expense comes out of a collective pool rather than the client's individual account. Previously, capturing these meant managing manual workarounds to stop the system from deducting the fee from the ending balance and distorting your projections.
This update lets you record these external costs cleanly for compliance and SoA disclosure while keeping the underlying balance calculations accurate.
💡Tip Check your advice document templates to ensure your disclosure tables are coded to include these new fees correctly.
You can read more about these recent WealthSolver fee enhancements here:
