Issue
Why is the ECPI calculation is incorrect when there are two Fund Policies for one Financial Year?
Cause
By design, Class will use the last Fund Policy to calculate ECPI. There is no need to separate the segregation period manually. Class can identify this period and make sure, during the deemed segregation period, income will be treated correctly.
Refer to ECPI and Actuarial Certificate changes from 1 July for further details.
Resolution
Navigate to the Fund level > Settings > Fund Defaults
- Delete the second Fund Policy for a financial year
- Edit 1 July fund policy with the Actuarial Percentage
- Reprocess the period update (only the last period update if there are multiple period updates)