News from FSL – October 2020

This is the 5th 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.

FSL Update on Coronavirus

FSL’s office remains closed but it’s business as usual.  The need to adhere to government safety guidelines and the size of our office means that we are currently unable to safely return to the office.  However, we continue to work from home providing clients with the service level that they expect.

Product & Service Update


New help sheets are now available on the Customer Portal.  These provide information on:

  • Unit Trust Payments;
  • Subscription as Rights (Diff Class);
  • DRIPs & Cap Options;
  • Implementation Guidance;
  • Negligible Values.

You can find the documents in the CGiX Help Sheet pages of the FSL Client Portal.

Data Consultancy:

The Data Team have fielded an increasing number of requests for their services.  These include research into Offshore Funds, Bonds and Income Tax Data.  With HMRC focusing their investigations on British taxpayers with offshore assets and income, it becomes ever more important to ensure the data provided to clients is accurate and complete.

If you have any questions about this service then contact the Data Team at:

ESG Tool Prototype:

Work is under way to develop a new tool that will assist users in understanding the ESG rating of their funds and of client’s portfolios.  A prototype was produced and feedback collected from potential users and industry experts.  Watch this space for further news and in the meantime, let us know if you would like to see the tool.

Government CGT Review

On 14th July, the Chancellor announced that he has commissioned The Office of Tax Simplification to conduct a review of CGT.  The review will examine a number of areas relating to the current CGT process.

These include:

  • Reliefs and allowances;
  • Treatment of losses;
  • Probate/Estates in administration;
  • Selling/Winding up un-incorporated businesses; and
  • Distortions to taxpayer investment decisions.

The review is in two phases. The first phase focussed on the scope and reach of CGT.  This phase concluded in August and an interim report is expected presently.  The second, more detailed consultation phase, has an extended deadline and is now due to conclude on 9th November.  It is highly likely that the final report will not be available until 2021.

At FSL, we are closely monitoring the review.  We have been planning for every eventuality by analysing the possible changes and evaluating their impact on CGiX.  This way, we will ensure there is minimal disruption to users.

If you have any concerns about the impact of the review on CGiX or would like to discuss further then please contact:


FSL Blog Update

Keeping Mentally Fit:

With recent headlines such as “The recession is here – Get ready for the mental health pandemic” we all need to look after our mental as well as our physical health.

The Mental Health First Aiders at FSL have compiled a few tips to help look after your mental health and wellbeing.

FSL Chain Mail:

The latest edition examines differing views of the Office of Tax Simplification’s review of CGT.

Ken’s Tales of Flora & Fauna:

Our Managing Director, Ken Gillingham, continues to share his monthly updates of tales from his garden.

These includes the glorious blooms of July, butterflies in August and small mammals in September.

Celebrating our Staff at FSL:

This year marks a significant number of years service for several of our staff.  We celebrate their achievement, dedication and loyalty.

Thank You For Your Input

As we strive to maintain our leading position as a software provider within the Wealth Management industry we appreciate the input provided by our clients.

Over the past year, many of you have provided us with assistance with research projects, testimonials and new product development.  These have included attendance at focus groups, discussions regarding development of the What-If or the new ESG tool and providing endorsements.

We would like to thank you for your continued support and are always open to any further feedback you have.

If you would like to get involved in any future research or provide feedback please email us at: