Transact Online continues to evolve, and this month’s release includes several significant improvements highlighted below.
Bond Withdrawals & Chargeable Gains Calculations
You can now complete one-off bond withdrawal chargeable gain calculations on TOL, with gains presented on both a proportional and segmental basis. The preferred basis can be selected and a withdrawal submitted within a single instruction. This provides you with increased efficiency from a streamlined process which reduces the time required to assess and process withdrawals. It also provides you with information much faster, as the calculations are presented instantly on screen, and gives you access to better decision-making tools as you can compare options straight away and select the most appropriate withdrawal method.
Investors can set up paperless Direct Debits
Clients can now set up Direct Debit instructions quickly and efficiently without the need for a signed instruction. Bank accounts are verified in real time, allowing the Direct Debit to be set up with minimal delay. The benefits include:
Faster setup: Real time bank verification helps minimise delays.
Less paperwork, no signature: no signed instruction required
Quicker deposit funding: Supports both regular contributions and one-off deposits.
Please contact your Adviser Support Manager (ASM) or Business Development Manager (BDM) if you would like more information - their details can also be found under Contact on Transact Online.