Capita Asset Services has extended its range of services for UCITS and alternative investment funds with the introduction of fully automated Annex IV reporting to both the Financial Conduct Authority (FCA) and the Central Bank of Ireland.
Capita currently provides services to around 50 funds across the UK and Ireland. The development of the Annex IV report has been a complex process requiring extensive data extraction and analysis. As a result Capita is able to provide an automated and verified population of 100% of the Annex IV schema, without any dependence on additional information from portfolio managers.
This has been achieved by integrating data from Capita’s fund accounting and shareholder record systems, overlaid with risk metrics from the Statpro Revolution system. Consequently portfolio managers have the confidence that they can focus on fund performance while knowing that Capita, as a trusted partner, is managing the essential regulatory and administrative activity of the fund.
Chris Addenbrooke, CEO, Capita Asset Services Fund solutions, says: “This development is yet another example of Capita’s commitment to providing portfolio managers with a fully integrated and comprehensive suite of independent ACD, Management Company, AIFM and full fund administration services.”