COIN upgrade focuses on corporate actions

COIN has released the latest version of its financial planning software, which now includes corporate actions and gives advisers more control over the actions they apply and when, streamlining the administration process, according to COIN.

COIN Office 3.6 also features improvements around supporting the advice process, data integration, efficiency and usability, COIN stated.

It features enhanced transition to retirement modelling, with the ability to set an end-date for account-based pensions and retain existing components on commutation, allowing easier modelling for pension update strategies.

Advisers can also now more easily incorporate client tax information in Statements of Advice (SoAs).

In terms of data integration, COIN Office 3.6 features additional products for MLC, IOOF and Oasis. It also now includes brokerage in the Lonsec Securities data integration service, allowing advisers to import and report on brokerage for purchases and redemptions downloaded for their Lonsec Securities clients, COIN stated.

The head of product and technology for COIN, Robert McCabe, said the launch of COIN Office 3.6 brings advisers the opportunity to further streamline their business processes.

“Through the launch of COIN Office 3.6, we have focused on areas like improved modelling, enhanced SoA templates and expanding our data integration services, all areas that advisers are telling us would make their day-to-day tasks much easier,” he said.