What is change to fund allocation key in SAP FS-PM - Policy Management?

SAP Term: change to fund allocation key

• Component: FS-PM

• Component Name: Policy Management

• Description: Change to the percentage allocation of funds in the portfolio, within unit-linked life insurance. New funds may be included or existing ones may become redundant. A change to the fund allocation key does not lead to a shift of the fund assets. Future investments are executed according to the new fund allocation key.

Smart SAP Assistant

• Key Concepts: 
  Change to fund allocation key is a feature in SAP FS-PM Policy Management that allows users to make changes to the fund allocation key of a policy. The fund allocation key is used to determine the amount of funds allocated to each policy and the order in which they are allocated. 
  
  How to use it: 
  To make a change to the fund allocation key, users must first select the policy they wish to modify. Then, they can select the “Change Fund Allocation Key” option from the menu. This will open a window where users can enter the new fund allocation key. Once the new key is entered, users can save their changes and the new fund allocation key will be applied to the policy. 
  
  Tips & Tricks: 
  When making changes to the fund allocation key, it is important to ensure that all of the funds are allocated correctly. If any of the funds are not allocated correctly, it could lead to incorrect calculations or other errors. Additionally, it is important to remember that changes made to the fund allocation key will only apply to future policies and not existing ones. 
  
  Related Information: 
  For more information on how to use change to fund allocation key in SAP FS-PM Policy Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.