Plan Administration

Simplify the complexity of registered plans and term deposits

CGI Wealth360 Plan Administration is a modular service-based platform that helps Canadian wealth businesses simplify the complexity of registered plans and term deposits through comprehensive plan administration and term deposit manufacturing and recordkeeping functionality.

Plan Administration features

CLIENT-CENTRIC PLAN ADMINISTRATION & ACCOUNT AGGREGATION

Consolidated view of all plan holdings

• Client-centric design
• Client information managed independently from plan accounts

REGULATORY COMPLIANCE

Support Canadian federal and provincial legislative rules on deposits, payments and investments

• Manage and administer deposit, payment and investment instructions and general ledger accounting
• Non-registered and registered plans support (RRSP, LIRA, RLSP, RRIF, LIF, RLIF, PRIF, RESP, RDSP, TFSA)
• Hold and manage multiple types of investments: cash, savings, term deposits

REGULATORY ADMINISTRATION AND REPORTING

Consolidated plan-level tax form XML, print file and summary reporting

• Report income earned, accounts opened/closed/cancelled, redemptions, purchases, and transfers made during the taxation year
• T5, T4A RESP, T4A RDSP, T4RIF, T4RSP, T550, RRSP contributions, TFSA submissions
• End to end administration of RESP and RDSP plans facilitating federal and provincial educational and disability incentives

TERM MANUFACTURING

Flexible and configurable product definition

• Wide range of term product support (regular, step rate, index-linked)
• Pragmatic set of configurable, parameterized and reusable features
• Create product once and deploy it across all plans

SAVINGS INVESTMENT

Manage all credit and debit flows

• Interest payment at predetermined frequencies and rates
• Targeted, time period-specific promotional interest rate offers set-up
• One time and/or recurring scheduled deposits and withdrawals
• Multiple deposit instructions (funds receipt from different source banks accounts, and transfers from other plans / institutions)

ACCOUNTING & INVESTMENT MANAGEMENT

Highly-auditable single administrative platform

• Configurable, two-sided, flexible general ledger relationship definition
• Money movement reconciliation between plan account and investments
• Consolidated holdings view supporting full complement of transaction types
• Pro rata investment instruction by product, dollar amount or percentage

WEB-BASED USER INTERFACE

Anytime, anywhere browser-based access

• Platform-independent, HTML5-based responsive design
• Remote access
• Automatic updates

OPEN ARCHITECTURE

Ease of integration

• Unified API to access multiple product types from a single access point
• RESTful product components integration while still allowing for a huge variety of features