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Overview
The October 2021 update to Base ROA within Digital Advice introduced enhancements and fixes to improve the accuracy and completeness of generated advice documents. These updates primarily focused on ensuring that key data, particularly insurance details, are correctly populated within Statements of Advice (SoAs), helping you deliver more reliable and compliant outputs to clients.
Introduction
As part of our commitment to improving our Digital Advice module, we have listened to your feedback and made some updates to our Base RoA:
Added New Product Cost summary Tables for Superannuation and Non Superannuation Investments - Works for No Change SoA
Fixes made in the Existing Insurance tables
Information on Updates
Fixes made in the Existing Insurance tables
There were some instances in which not all insurance details were populating in the SoA
Non Superannuation Investment Product Cost Summary
This table shows a high level summary of Administration Fee / Ongoing Fee / Investments Costs of your investments.
In the example below, no recommendations have been made on Non Superannuation products, however as part of disclosure, these fees will generate into the SoA.
Superannuation Investment Product Cost Summary
This table shows a high level summary of Administration Fee / Ongoing Fee / Investments Costs of your superannuation investments.
In the example below, recommendations have been made on Superannuation products. As such, Current Product Costs and Proposed Product Costs will be shown.
