XL Reports - Investments

Many reports are straightforward. The following illustrates the type of report included:

FinStat Codes

A list of all investments that have Finstat codes stored, showing the manager, fund name and Finstat codes.

Valuations of All SIPPs

A list of all SIPPs can be produced showing the total value of all investments for each SIPP. For each scheme, this is the same value as produced from ‘Reports, Investment Valuation’. Bank balances at the selected date are included and any bank borrowing is deducted. Debtors and creditors are included. Any past valuation date can be entered. The total of all values across all SIPPs is also shown. There is a large amount of processing involved – a report on 500 schemes takes around 10 minutes on a fast machine.

This will automatically include each member’s share of the value of property syndicates within the individual SIPP value i.e. by selecting Live and Pensioners (and not Syndicates) in the Scheme Status you will include the property syndicate values.

The report can be used for exercises such as analysing the quality or type of business written over the last year (to help satisfy the FSA ‘know your business’ requirement). The report therefore shows the date that each scheme was set up. The quality of business introduced by different advisers can be analysed and so the Agent column is included. The Scheme Notes column is included so that known issues can be highlighted e.g. ‘SIPP set up for property purchase which did not proceed’.

Check Investment Transactions

Purchases and sales of investments are entered as bank transactions. The details of the investments bought are also entered ‘Investment, Investment Transactions’. If the ‘Show transactions that match’ box is not ticked, a report is produced showing schemes where the total amounts of purchases or sales differ over the selected period. If that box is ticked, a report is produced showing all schemes where there has been at least one transaction and the bank transactions match the investment transactions.

Schemes with just Property or Cash

A list of all schemes which only have property and/or cash.

List of All Assets

A report of all assets across all schemes, with their latest values.

All Employer Loans

All loanbacks are listed with all the information from Omni’s screen (Direct Investments, Employer Loans). In addition the number of expected transactions in the bank account for each loan are shown. Expected transactions are generated a year at a time and so, for a monthly loan, there should be no more than 12 expected payments. If there are more than 12 then it indicates that the expected transactions are not being used properly. If there are no expected transactions then it might be that expected transactions are not being used at all.

Third Party Loans

The same as for employer loans but for loans to unconnected third parties.

Loan Interest Due

A list of all loans where interest is due in a specific month. There is also the option to show all loans with the date the next interest payment is due.

UCIS

A list of schemes with holdings in different investments classed as UCIS (Unregulated Collective Investment Schemes). The UCIS information is stored via the Stocks screen (Amend button).

Investment List

A list of all investments that are not segregated portfolios, loans or properties, showing the number of schemes holding each investment. The stock’s notes field is also shown. Archived stocks are ignored.

Non Standard Investments

A list of all non standard investments showing whether they are UCIS, non standard or other non-mainstream. A list of SIPPs holding one or more of those investments is also included.

Check Stocks v Holdings

When names are changed, individual schemes’ investment holding records can differ from the general stocks record. A report of the differences can be produced and there is the option to update all holdings records to match the information in the general stock record.