Monthly wrap-up: What’s new on CFS Edge

We've made enhancements to CFS Edge to increase your efficiency, enable advice strategy, and improve the client experience.

In CFS Edge you can now:

• Complete digital in-specie transfers from IDPS to super and pension.
• Perform direct pension recontributions to and from pension accounts using the existing workflow.
• Complete managed fund switches for multiple client accounts in one workflow.
• Generate reports in bulk and choose if and when to make the reports available to clients.
• Complete super withdrawals faster via a new digital process.
• Allow clients to see permitted household accounts at the client level.
• See key info on the adviser dashboard including clients’ wholesale status and advice fee arrangements.
• Access quick instructional videos via QR code throughout CFS Edge.

Model portfolio holdings, if applicable, can now be included in adviser service fee calculations in CFS Edge. The digital form under Accounts > Fee arrangements does not currently support advice fees on model portfolio holdings. If you want to include model portfolio holdings in ASF calculations for new fee arrangements or renewals, you’ll need to use the updated Adviser fee consent form, in the CFS Edge Forms library under Client onboarding and servicing.

When rollovers out are requested or completed and when wholesale investor status is 60 and 30 days from expiry.

Add, edit or remove a reversionary beneficiary directly in CFS Edge. 

You can now push tasks back to from ‘Awaiting adviser authorisation’ and ‘awaiting adviser approval’ back to ‘Draft’ status for fees and account conversions. Notes are now read only and include explanations for rejected tasks. You can also reassign tasks (created from 20 April) in the Fees, Account conversions and rollovers journeys to better manage your workflow.

When initiating a transfer, refresh or account closure and the pro rata minimum has not been met, you no longer have to calculate and pay the minimum pension as CFS Edge will do this automatically.

CFS Edge now provides the maximum amount option during the account opening process for full and partial transfers. 

Showing the breakdown of liabilities.

• Detailed view: of performance at the investment level before fees and tax.
• Simplified view: of performance at the portfolio level with the ability to choose before fees and tax, after fees and tax, or before fees and after tax.