In 2020/2021 BT migrated accounts held on their BT Wrap Platform across to the new Panorama platform.
At that time a decision was made to merge historical BT Wrap account data into the new Panorama account, supressing the transfer transactions, and providing a single continuous account history. This approach has resulted in issues in the quality of the Panorama accounts in XPLAN. To resolve these issues IRESS is making changes to the BT Panorama migration. Over the last few years many corrections have been made to the Panorama data resulting in duplicate transactions and has also impacted the quality of the data.
The following changes will be made to the datafeed to try and resolve the current issues and are explained in more detail in the attached link.
Currently, the Transfer Out & Transfer In transactions from the migration are suppressed from importing into XPLAN by IRESS.
IRESS will remove this suppression, allowing these transactions to be imported into your XPLAN.
Doing so will resolve the issue related to missing transfer transactions.
Additionally, Transfer In transactions previously created by IRESS to overcome this issue will be deleted and replaced by the Panorama Transfer In.
BT Panorama - Update - Iress Community (Login is required to view)
Action that is required on your XPLAN site -
CGT Allocation Method - to ensure accurate CGT reporting, the CGT Allocation Method needs to be set on all Panorama accounts. If it is not set transactions imported into XPLAN will not auto allocate and may cause incorrect results in reports.
Duplicated Transactions may occur as a result of any manually entered data into Panorama accounts when the datafeed fix is implemented. There are two options for action if this is the case:
Delete any manually entered transactions that have been inserted.
If you are satisfied with the data currently existing in XPLAN, you can add an account date lock and this will stop any historical data imported into XPLAN for the account.
Portfolio Valuation and Performance Reporting - Reports run prior to your migration date will result in incorrect values being reported. All reporting should be run for the day after migration.
IRESS is recommending all data is validated within XPLAN before producing any reports or making any decisions, and that if you have any questions you should contact your IRESS Account Manager.
