Quay Software is in the final stages of developing pre-populated Key Facts Documents which will eventually include pre-populated commissions data for the payment menu.
Following consultation with IFAonline on the requirements of the menu, Quay has already begun work on the creation of a new Key Facts Document - as part of Client Desktop V3 - which will be able to pull in all the required FSA data on commission rates if appropriate, and record the client’s preferred payment within the back office system. Data use is initially being specifically targeted at networks to help transfer data on network-negotiated commission rates, log when the KFD was last issued to a client as well as the currency date of the terms expressed, says Mitchell Philpott, directo...
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