Feed Type |
Cash Movements (Bank Transactions |
Investment Movements (Buys & Sells) | Income Movements (Dividends & Distributions) | Historical Data |
Automated |
Overview
BGL has integrated with IOOF Group (Evolve system) to obtain data feed for the following products:
- eXpand
- IOOF Essential
- Shadforth Portfolio Service
- IOOF Personal Super
- IOOF Pension
- IOOF Employer Super
To set up an IOOF Group data feed within Simple Fund 360, please navigate to the Feed Management screen and follow the below instructions.
Within the Feed Management screen, click the blue ( + ) Setup button to create a new feed.
- Entity Name - Ensure that the correct entity has been selected.
- Feed Provider- Select 'IOOF Group'
- Account ID -Input the External Reference/Account ID (usually this can be found in the IOOF Group reports)
- Bank Account - Select a Bank/Cash Account to link to this feed.
- Do Not Import Data Before - Users can restrict the data that is imported by the feed by inputting a date. Clicking on the three dots will allow you to also enter a Do Not Import Data After date. If data has already been manually entered, this step will be necessary to prevent any duplication of manual work.
- Account Mapping- Linking holding accounts to a specific feed ensures transactions from this feed are allocated to these bank/investment accounts.
- Save - Click this button to ensure that any changes made are saved.
Once completed, you will need to activate the data feed via your IOOF Online account.
- Please refer to the following document for detailed instructions on how to complete this process:
2. Click ‘Add New’.
3. Complete the following fields…
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Feed Provider: Select ‘IOOF Group’.
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Adviser Display Name: Enter a custom display name to easily identify which adviser these credentials relate to.
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Adviser Code: The adviser code should be formatted as IPSxxxx (IPS followed by 4 characters).
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Data Feed Credentials (Code and Password): Adviser needs to enter their login credentials (email and password) for IOOF Online.
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4. Click ‘Save’ to ensure that any changes made have been saved.
MLC migrated all accounts into the Insignia Expand platform during 29/03/2024 - 01/04/2024.
As a result of the migration, the migrated MLC accounts will have new account IDs in the Insignia Expand platform. BGL has automatically converted and created the relevant IOOF Group wrap feed and portfolio codes for your entities.
All transactions that are related to the migration will not be imported into your entity to ensure seamless migration between the two platforms.
Important
Please ensure all your MLC transactions have been imported into your entity prior to activating your new IOOF Group wrap feed.
To activate your IOOF Group wrap feed, please refer to the 'Setup in SF360' tab for further instrustions.
The turnaround time will differ for each wrap and investment platform. If you do not receive a response within a week, please follow-up directly with the relevant wrap or investment platform.
Yes, historical transactions and balances are also requested provided upon the inception of the feed.
Transactions and balances will be posted to the asset accounts that are linked to the data feed as per the Account Mapping.
The system can automatically match the following types of transactions provided that the debits and credits reconcile between the transactions and that the transactions are recorded within a similar date range.
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Investment movements (Buys and Sells) and the corresponding Bank movement(s).
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Income movements (Dividends and Distributions) and the corresponding Bank movement(s).
Any transactions which have not been automatically matched or coded by the system will need to be actioned manually.
If the Account Mapping process had not been completed when setting up the data feed within Simple Fund 360, then the system will create new accounts to allocate the data to.
If this results in duplicate asset accounts being created, please refer to our help article Wrap Feed has created duplicate accounts?
Simple Fund 360 automatically updates wrap feed distribution transactions with their respective final tax components when the annual statement is made available.
For more information, please refer to Distribution transactions and tax components.