There will be two datafeeds covering Perpetual’s super and pension accounts:
- Perpetual Wealth Superannuation will provide data for WealthFocus Super and Pension accounts.
- Perpetual Asset Management Super will provide data for Select Super and Pension accounts.
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Existing Perpetual Limited data in Xplan
Financial advisors using Xplan have three options for handling existing “Perpetual Limited” data when transitioning to the new Perpetual Superannuation data feeds. Each choice has different reporting impacts and requires specific steps to follow.
Note:
A date lock of 1 May 2025 will be applied to all existing Perpetual Limited data, preserving its history.
Old Perpetual AM accounts will continue to appear in Xplan.
Once the new datafeeds are active in Xplan (after advisor mapping has been completed), the same account numbers will be displayed under IPS External Account for both the old Perpetual AM feed and the new feeds.
Below is a sample of what it may look like in XPLAN:
- If they are WealthFocus accounts, they will be mapped under Perpetual Wealth Superannuation (APWS).
- If they are Select accounts, they will be mapped under Perpetual Asset Management Super (APAS).
Advisors can choose to remove, merge, or retain the old data, with each choice having different impacts on reporting and a specific set of steps to follow.
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***Quick Guide on the three options***
| Option | Best For | Impact | Steps |
Remove the old data | Advisers needing simplicity or data from 1 July 2021 onwards. | Performance reporting starts from 1 July 2021; all historical data, including CGT and cost base history, will be lost. | Set original IPS External Account mapping to 'Do Not Import'. Set 'Delete Existing Data' to 'Yes' |
Merge the old data | Advisers requiring accurate, long-term performance and CGT reporting. | Preserves original purchase dates and cost bases for comprehensive reporting. | Requires complex steps. Please contact Support for guidance |
Retain the old data | Advisers needing valuation reporting or wanting to keep the old feed for reference. | Overlapping data (July 2021 to May 2025) may overstate portfolio value; not suitable for reliable performance or CGT reporting. | Use 'Stale Account' functionality to identify and close unneeded old Perpetual accounts. |
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Option 1 - Remove the old data ️
This approach is best suited for advisors prioritising simplicity, or for accounts where data after 1 July 2021 is sufficient.
">Impact: Performance reporting will only be available from 1 July 2021. All historical information, including CGT and cost base history, will not be available.
Steps:
When you receive your data via the new datafeed, you will need to set the original IPS External Account mapping to ‘Do Not Import’
Set the Delete Existing Data option to ‘Yes’.
Information on this functionality can be found here.
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Option 2 - Merge the old data
This is the recommended option for advisors who need accurate, long-term performance and CGT reporting.
">Impact: This option preserves original purchase dates and cost bases, allowing for a longer period of performance reporting and accurate CGT calculations. While it requires more setup, it provides the most comprehensive result.
Steps:
Once the new data feed is active, the advisor must:
Remove the transfer-in trade dated 1 July 2021, created to carry holdings into the new feed. The external ID reference should appear as “TFI-TAKEON_BAL.PISHSP.ACxxxxxxxx”. Some assets commenced after 1 July 2021 will not have this.
Review transactions from July 2021 to May 2025 and remove any duplicates.
Transfer the holdings from the old Perpetual account to the new one.
Select No to Rerun Corporate Actions and Remove Datafeed Links options during the transfer to prevent future issues.
Information on transferring holdings can be found here.
Add an Account Lock to the new account (via Portfolios > Admin > Cash & Accounts) to protect holdings that were there before 1 July 2021.
Check that the merged positions and reporting are correct.
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Option 3 - Retain the old data
This option is for advisors who only require valuation reporting or wish to keep the old feed intact for reference.
">Impact: The old and new data feeds will overlap from July 2021 to May 2025. This may cause reports, such as a portfolio valuation, to show holdings from both feeds, which could overstate the portfolio's value.
It is not suitable for reliable performance or CGT reporting.
Steps:
Perpetual will not be providing transfer out transactions from the existing Perpetual Limited datafeed, this will result in duplicated positions and an overlap of data from the data provided from July 2021 to when the Perpetual Limited datafeed stopped sending data May 2025.
To retain the old Perpetual Limited accounts and add a closing transaction, you can use the Stale Account functionality to identify and close Perpetual accounts no longer required.
This functionality can be review here.
