News from FSL

April 2022

This is the 11th issue of our quarterly newsletter. Please forward this newsletter to any colleagues that might be interested, they can subscribe by clicking here. If you do not wish to receive this newsletter, to unsubscribe click here.

Product & Service Update

CGiX Technology Roadmap Announcement:

As a result of the feedback we have received from our clients, FSL have launched an online roadmap for the CGiX technical requirements.

This roadmap will be a living document that covers the software requirements to run CGiX both now and in the future.  Our goal is to have a rolling two-year view (as a minimum), to ensure you can plan any infrastructure changes well in advanced.

The roadmap can be found in the Customer Portal here.

Should you have any questions or feedback on the roadmap please contact Joe Hughes.

New ORF Sample Data:

The ORF product page on the FSL website includes a free download of sample ORF data.  We regularly update the sample data and the latest version is now available.

It is also possible to request a bespoke data sample from the team, as well as a copy of the reports produced by CGiX.

If you would like further information on the FSL ORF solution, please contact the Data Team at:

FSLData@financialsoftware.co.uk

WTax Partnership Announcement

We are excited to announce a new partnership with WTax.   This provides FSL customers with access to WTax’s foreign withholding tax (WHT) recovery services. WTax work with wealth managers and private banks to ensure the maximisation of withholding tax recovery for their HNW clients. They do this by taking over the entire process, removing the administration burden from both parties and ensuring that all possible reclaim applications are submitted across multiple jurisdictions – a wholly outsourced service.

By minimising WHT leakage, investors will benefit from increased dividend income and portfolio performance.  The ability to recover up to 5 years retrospectively means investment returns can be enhanced by up to 50 basis points.  The best part is, as WTax utilise a no-reclaim, no-fee model, any party seeking to utilise their services is guaranteed to experience a net-inflow, without incurring up-front costs.

By using WTax’s optimised WHT recovery process, FSL’s customers can offer their clients a streamlined and efficient recovery solution, while expanding their suite of integrated services.

To find out more, please contact:

Claudial@wtax.co

FSL News & Views Update

Round-up Of Expert Predictions For 2022:

In this article, we summarize several predictions experts anticipate we will see in 2022.

ESG Trends to watch in 2022:

As we head into 2022, the prominence of ESG in investment markets doesn’t look like a trend that will fade but will instead continue to accelerate and play a significant part in shaping our post-pandemic future. Read more here.

FSL Chain Mail:

The most recent edition contains links examining the impact of proposed cryptocurrency regulation. 

New Members of the FSL Team:

More news about new hires at FSL.  Meet the new members of the Infrastructure team.

Spring Budget:

A summary of the measures announced in the Spring Statement that may be relevant to FSL clients, can be found here.

Introducing Tax Talk

Tax Talk is a new monthly series on FSL’s News & Views page.  It covers all things from EIS to OTS and is written by FSL’s own Tax specialist, Alex Ranahan.

The new series of articles will provide Alex’s thoughts on different areas of taxation, issues affecting investors, and his views on pertinent announcements – such as the budget, Tax Day, and the new Finance Bill.

The first article in the series provides on overview of various forms of tax-efficient investments.

The most recent article  discusses a recent Chartered Institute of Taxation (CIOT) and Institute for Fiscal Studies (IFS) joint debate on the proposal for a windfall tax on the profits of North Sea gas and oil companies.

More articles are planned for each month.  If you would like to propose any themes for future articles then please send suggestions to:

FSLResearch@financialsoftware.co.uk