Issue

This article looks at how to add a TBAR event from an external fund to track the Transfer Balance Account in Class. 

Resolution

You can process a manual TBAR event to track the transfer balance account or, for first-year loaded fund in Class, it can be picked up by the Excel Fund Loader. 

Create a Dummy Pension Account for the External Fund

Navigate to Fund Level > Members > Browse Members > Add new pension account

1. Select the Member
2. Select the Pension Type
3. Type the Pension name (you may wish to use the name of the external fund)
4. Enter the Start Date - this must be after the member's join fund date and will not affect the TBAR event.
5. Activate
6. Select the Member

Do not establish the pension account.

To process a manual TBAR event:

Navigate to Fund > Periodic Processing > TBAR Console

1. Click on 'Manual TBAR Event'
2. Select the Event Type
3. Tick the ‘Adjustment’ box
4. Select the Member
5. Select the Dummy Pension Account created above
6. Enter the Event Date (this is the original event date)
7. Enter the Amount
8. Submit 

To apply Excel Fund Loader:

Navigate to the Excel Fund Loader > TBAR History tab

You are required to fill out the TBAR information in the pink cells.

The screenshot below is an example.

Note: For a Limited Recourse Borrowing Arrangement, no specific account is required. This event is to track the total transfer balance.

Our User Guide provides more details on the Manual TBAR Event.