Last December, FRC’s (Financial Reporting Council) Board for Actuarial Standards published a new version (2.0) of Technical Memorandum (TM1): Statutory Money Purchase Illustrations (SMPI). Two key areas of change embedded in the document is in the updating of mortality assumptions and the taking into account of potential investment returns when setting the long-term investment assumptions used in projections.
Posts Tagged ‘Front’
Dunstan Thomas Imago Front Office offers asset level projections in Version 4
Wednesday, April 7th, 2010
Dunstan Thomas, the pensions & investment administration software provider, is unveiling a new version of its Imago Front Office (Version 4) today which provides illustrations based on projections of the performance characteristics of the policyholder’s actual mix of holdings in specific asset classes products. Dunstan Thomas has enhanced its flagship front office offering, Imago, to reflect the growing need for more real world, granular, asset-level projections for pensions or and other fund product wrappers.
Variable growth rates
Saturday, March 20th, 2010
We are really pleased to be able to talk about the forthcoming release of Imago Front Office Version 4. This version incorporates asset level customised growth rates, we have mentioned in previous newsletters. Some of our clients have been very enthusiastic about this development, others have been less interested. For Dunstan Thomas, this development represents a shift in Imago Front Office that will enable us to create much more sophisticated modelling capabilities. I am looking forward to talking through some further enhancements to Front Office in forthcoming newsletters.
Asset Migration & Imago RIY Plus
Monday, February 15th, 2010
http://www.dthomas.co.uk/imago/illustrations/riyplus.html
During the course of the past year, Imago Front Office has been developed further for specialist asset transfer company Legacy Asset Systems. The Front Office team has developed the RIY Plus calculator to provide cost comparison facilities and suitability reporting.
Take advantage of Protected Rights and SIPPs
Wednesday, September 3rd, 2008
As you know, from 1st October 2008 it will become possible to transfer Protected Rights funds out of S2P/SERPS schemes. To date these funds have only been allowed to be held in insured funds, bank deposits or mutual funds. The industry is quite rightly expecting a surge of activity. The size of the market for this on coming opportunity is significant. According to the Financial Services Authority some eight million people have contracted out of S2P/SERPS since 1997. Just as many people may have contracted out via occupational defined contribution schemes going back to 1987. Sources close to this put the estimated value of PR funds at close to £100 billion. However, from 1st October it will be possible to transfer PR funds and associated tax rebates into Appropriate Personal Pension Schemes (APPPs) and many predict large-scale movement into Self Invested Personal Pensions (SIPPs).
We have added Protected Rights capabilities to Imago Front Office, with illustrations able to support transfers of Protected Rights (PR) funds and rebate contributions from HMRC associated with S2P schemes.
We offer Imago Front Office as a web based solution that can be installed at your site, or at our site, or can be used as a bureau service. Furthermore the calculation engine that delivers the computations for the illustrations can be integrated and embedded into host systems for a truly seamless solution.
If you would like to find more about Imago Front Office, please drop me a line or contact me on 023 9282 2254.
TCF and Illustrations
Friday, July 18th, 2008
TCF (Treating Customers Fairly) driving new sales of Imago Front Office to satisfy outcome 3 – Consumers are provided with clear information and are kept appropriately informed before during and after the point of sale. Imago Front Office provides theplatform to service this regulatory requirement.
