Available from Thursday 30th May 2024
Overview
The Xplan Essentials team will be releasing a new Individual Fact Find wizard and Xmerge template.
Key Features
The latest version v24.05 includes the following enhancements:
Individual Fact Find
Wizard
Fact find pages
- The order of pages has changed slightly, reflecting customer feedback to provide a more logical sequence:
- Personal Status (Health and Lifestyle) was page 4, now page 5
- Estate was page 5, now page 9
- Dependants was page 6, now page 4
- Goals and Objectives was page 7, now page 18
- Employment was page 8, now page 6
- Income & Expenditure was page 9, now page 7
- Policies pages 10-17 unchanged
- Affordability was page 18, now Financial Status page 8
- Income Requirements was page 19, now Financial Status page 8
- Capital Gains Tax was page 20, now Financial Status page 8
- Other Professional Advisers was page 21, now page 19
- Additional Information was page 22, now page 20
- GDPR & Marketing Preferences was page 23, now page 21
- Print Options was page 24, now page 22
Key Details
- NINO field always displayed
- Crown Employee field added
- Vulnerability section renamed as Vulnerability Assessment
- Vulnerability fields - the word ‘vulnerability’ has been changed to ‘additional support’ making it more acceptable when fact finds are viewed/completed by clients.
Health and Lifestyle
- Health and Lifestyle renamed to Personal Status
- 2 questions removed from Personal Status (Health & Lifestyle) and moved to Financial Status:
- Are you expecting any change to circumstances within the next 5 years?
- Change in Personal Circumstance Notes
- ESG title added to separate ESG and Health and Lifestyle questions
- Religious considerations moved to ESG
- The question 'Are you expecting and change in circumstances in next 5 years?' has moved to new Financial Status page
- 'Capacity for loss' has moved to new Financial Status page
Estate
- Moved down 2 pages
- New question has been added 'Do you have a POA?'
- The POA Notes will always be visible
Dependants
- Moved up 3 pages
Goals and Objectives
- Moved down 10 pages
Employment
- Moved up 2 pages
Income & Expenditure
- Moved up 2 pages
Financial Status
- A new page has been created, entitled Financial Status
- Consolidates the following 3 pages into one:
- Affordability & Capacity For Loss
- Income Requirements
- Capital Gains Tax
- Capacity for loss field has been moved from Health & Lifestyle
- Are you expecting any change to circumstances within the next 5 years moved from Health & Lifestyle
Policies
- The words Existing and Policies have been removed from:
- Cash Assets
- Investment Assets
- Property and Non-Investment Assets
- Liabilities and Debts
- Pension and Drawdown
- Annuities - changed to Retirement Income
- Life Assurance/Protection
- General and Other Insurance including Medical
- Pension and Drawdown includes new MPAA and State Pension questions
Affordability
- Moved to Financial Status
Income requirements
- Page moved to Financial Status
Capital Gains Tax
- CGT page moved to Financial Status
Other Professional Advisers
- Renamed to Professional Advisers
Any Additional Information
- Renamed to Additional Information
Fact find output
- Reducing the amount of white space
- Order of fields in the output to match the order as per the fact find wizard
- Order of the pages in the output to match the order as per the fact find wizard eg. goals & objectives
Fact find output - blank
- All of the vulnerability assessment fields will be included in the blank output
CRM
Warning Notes!
- Where a client has Warning or Important notes, this will become the landing page when accessing a client.
Client Hub
- New questions added:
- Has warning Note
- Is your client vulnerable
- Investment Risk Profile
Client Details
The order of pages has changed slightly, reflecting customer feedback to provide a more logical sequence:
- Goals and Objectives moved above Referrers and Professional Advisers
- Referrers and Prof Advisers moved above Client Segmentation
Main page
The order of the some personal details fields has changed:
- Forename, Middle name, Surname, Preferred and Maiden names re-ordered (to match add client wizard and fact find order)
- Maiden name - renamed to Former name(s) (all sites)
- Pronoun - renamed to Preferred Pronoun
- Residency and tax questions moved to Nationality and Tax page
- UK Domiciled
- Resident Status
- Tax Resident Status
- Country of Residence
- Highest Tax Rate
-
Multiple Nationality and Identification removed as Nationality & Tax has an existing page
- Ethical Investor field moved to Health and Lifestyle (Personal Status)
- Crown Employee field added
- National Insurance fields updated:
- 'No NINO Reason' - reworded as 'If No please provide details here' and conditioned to only display if the answer is ‘No’ to the question ‘Do you have a NINO?’
- Vulnerability - renamed to Vulnerability Assessment
- the word ‘vulnerability’ has been changed to ‘additional support’ making it more acceptable when fact finds are viewed/completed by clients
- Regulatory Classification - hidden as already exists in Client Segmentation
Nationality and Tax page
- Residency and tax questions moved from Main page (as above)
Health and Lifestyle page
- renamed as Personal Status
- 2 questions removed from Personal Status and moved to Financial Status:
Are you expecting any change to circumstances within the next 5 years?
Change in Personal Circumstance Notes
- ESG title added to separate ESG and Health and Lifestyle questions
- Capacity for Loss question moved to Financial Status page in Fact Find only
- Change in personal circumstances and Notes moved to Financial Status page in Fact Find only
Goals & Objectives
- moved near the end of the wizard
Referrers and Advisers
- renamed to Referrers and Prof Advisers
