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Skandia launches new Capital Gains Reporting tool


Skandia has launched a Capital Gains Reporting tool on the Skandia Investment Solutions platform. The new tool is the latest in a line of planned enhancements to the Skandia platform proposition, and follows the recent launch of its U-Skan 2.0 tool.

The Capital Gains Reporting tool is available to financial advisers only, and enables them to provide their customers with timely information on the gain or loss position on their collective investment account. Several reports are available to advisers at the touch of a button, including: a capital gains tax report for the previous tax year; transaction history, showing a breakdown of the data behind the capital gains tax report; and a report for part or full disposals mid year, useful when considering mid year advice around switches.

One of the most interesting reports available is the ‘what if’ report. It enables advisers to review holdings and plan disposals, calculating gain or loss positions on specific funds rather than at account level. This creates an excellent advice point and gives advisers the ability to maximise tax planning with their customers.

The capital gains tax report will provide all the information a customer needs to complete their self assessment form. Helping them to complete it more accurately, and much faster, than was previously the case.

Phil Carroll (pictured), Skandia’s financial planning expert, says: “This latest development shows our commitment to helping advisers provide solutions to their customers. Not only will the Capital Gains Reporting tool help customers complete their self assessment form, but it will help more advisers provide tactical advice on disposals for the benefit of their customers.

“Our tool will undoubtedly provide a more robust and advanced level of financial planning for advisers to use compared to most other tools already on the market.”

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