20 February 2018
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FinoComp creates CGT calculator for Aegon platform

25 November 2016  |  7903 views  |  0 Source: FinoComp

New technology development specialists, FinoComp, today announced the launch of a gains calculator for advisers using the Aegon platform.

The new tool has been designed to give advisers and para-planners the information they need to manage their client’s capital gains tax (CGT) liabilities.

FinoComp are delighted to have worked with Aegon to launch a gains calculator. The initial scope of the project covers the capital gains on general investment accounts and will give a comprehensive reporting service to advisers using Aegon’s platform.

The CGT reporting tool enables paraplanners and advisers to:

• Easily track profit and loss with the simple visual layout and intuitive navigation.

• Make CGT calculations by providing the data needed for CGT planning and tax calculations.

• Have access to client information through a bespoke view.

This software has been built on the latest technology. It is robust, scalable and secure. Data security and reconciliation is at its core and it is capable of integrating to any platform technology.

Richard Denning COO at Aegon commented: “This is a really important addition to the tools we offer advisers on our platform. It will meet the need of advisers looking to make CGT calculations for their clients. We’re delighted to have worked with FinoComp to deliver this to the market and look forward to the development of further gains reporting and scenario planning in the future.”

Ray Tubman, CEO at FinoComp said: “I am delighted to be working with Aegon and to have delivered a smooth implementation of this project. This is the first of a stable of products that we are working on, all of which are firmly targeted towards the UK Wealth Management market.”

Tubman continued: “FinoComp have a strong commitment to the UK Wealth Management market and working with Aegon has been a fantastic opportunity to secure a client with an excellent reputation for innovation and quality within this sector. We look forward to more projects ahead and to expand our product suite and UK client base in the near future.”

FinoComp have plans to extend the offering in the coming year with a suite of enhancements already in the development pipeline.

FinoComp is a Financial Technology company focused solely on the Wealth Management market. It specialises in the design and build of Wealth management software and all associated services. Our focus is on excellent engineering and innovative solutions.

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