|24th March 2014||Version 15.3|
|Omni 15.3 has been designed to allow for the FCA required changes to Statutory Money Purchase Illustrations (SMPI) and
Pre Retirement Projections (Key features illustrations) so that they are now inflation adjusted and therefore remain compliant.
In addition to the above, following on from the 2014 Budget, the program will also deal with the 150% uplift to maximum capped drawdown limits – it will be possible for the system to
automatically generate ALL the new limits and store these in one go
If necessary, the system will allow users to calculate new and additional crystallisations using the 150% factor from 27th March 2014 (assuming the client has entered a new drawdown year).
The Omni Payroll module has also been updated to deal with the new Real Time Information changes for the 2014/2015 tax year.
If you would like more information regarding the new changes to Omni or the payroll module, please get in touch.
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