February 2018 Update

We have completed the latest upgrade to ATEB suitability on 11th February 2018.

Details of the enhancements can be found below, but some of the highlights are:

New EIS/SEIS/VCT Recommendations for Investments

Enterprise Investment Schemes (EIS), Seed Enterprise Investment Schemes (SEIS) and Venture Capital Trusts (VCT) have been added as product types to the Investment Advice area. When recommended, new reasons and disadvantages options are available for selection. As with our current products, the relevant risk warnings will automatically appear at the end of the investment section in the report/template. 

In addition, an ‘Income Tax Relief’ section has been added to the Plan Details tab with further supporting text found within the ‘Supplementary Documentation’, ‘Investment Strategy’ and ‘Investment Period’ sections.

The glossary of terms have been updated to include descriptions of these new products.

Upgraded Charges Table functionality for Investment & Retirement

Following feedback from our clients, we have implemented changes to the Investment and Retirement charges tables. Previously, every plan (whether ‘New’ or ‘Existing’) would require the completion of a corresponding charges table on selection of ‘Charges’ within Section Builder. Users now have the option to include the charges table for both existing and new plans or, new plans only; with each table distinctly separate in the final report.

On selection of an existing plan/product the ‘Initial Charge’ value fields have been removed from the table. The total aggregate charges (expressed in both percentage and cash amounts) will continue to appear on screen and in final reports.

In addition, the ‘Ad-hoc’ charges section will no longer draw through to a final report if no values have been entered.

Major Application Enhancements

Change at a glance



Charges table now optional for existing plans/products.

Report Builder → Investment/Retirement Advice → Section Builder → Charges → Plan Builder → Charges


Output text will be presented in the report under the heading Charges.

Enhancement of current software functionality to provide users the option to include the charges table for either existing and new plans or for new plans only with the total aggregate charges expressed in both percentage and cash amounts.

Mandatory fields removed from templates.


To provide users with a greater level of flexibility in the creation and editing of their templates all mandatory fields previously requiring values to be entered prior to saving have now been removed.

Product Type – Investment

Change at a glance



EIS, SEIS and VCT’s added as new product types to the Investment Advice area.

Report Builder → Investment Advice → Plan Builder → Select Product Type


Output text will be presented in the report under the heading New Investment Product Advice.

We continue to enhance the Investment products available and this includes our recent EIS, SEIS and VCT additions. Available for selection under the Plan Builder with supporting suggested text found under the Recommendation Reasons and Potential Disadvantages tabs.

Key Information Document (KID) added to Supplementary Documentation section.

Report Builder → Investment/Retirement Advice → Plan Builder → Supplementary Documentation

Key Information Document (KID) now available as an option within the Supplementary Documentation section for all Packaged Retail and Insurance-based Investment Product (PRIIPs) recommendations.

Product Type – Retirement

Change at a glance



Revised ‘Discounted Alternatives’ section for Defined Benefit Transfers.

Report Builder → Retirement Advice → Plan Builder → Select ‘Existing Defined Benefit Scheme or Other Occupational’ → Further Considerations tab → Discounted Alternatives


Output text will be presented in the report under the heading Discounted Alternatives.

The addition of a free text box with guidance text prompting the user to include a summary of the alternatives considered and discounted prior to the recommendation to transfer.

Suggested Reasons, Disadvantages and Risk Warning text for Existing Defined Benefit Schemes have been amended to remove reference to the ‘guaranteed’ nature of benefits.

Report Builder → Retirement Advice → Plan Builder → Select ‘Existing Defined Benefit Scheme or Other Occupational’→ Recommendation Reasons/Potential Disadvantages tabs.

Risk warnings will automatically appear in the final report on selection of ‘Existing Defined Benefit Scheme or Other Occupational’ as the product type.

To more accurately reflect the nature of the benefits provided under Defined Benefit Schemes we have removed reference to ‘guarantees’ and replaced with reference to ‘safeguarded and/or secured benefits’.

Please don’t forget we have a collection of ‘how to’ guides, articles and hints/tips via an FAQ which is available now on our Help & Support Portal.

Our support team are available 9am – 5pm / Mon – Fri to answer any further questions you may have Contact Details Here.

Many thanks for your continued use of ATEB suitability.

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

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About the Author

Director - Having joined us directly from university, David quickly developed into an indispensable member of the team. As our IT Director he is responsible for ATEB’s technology strategies, security systems and platforms. He has been at the forefront of the development of ATEB Suitability and instrumental in ensuring that the complex regulatory requirements are catered for in an interactive and intuitive fashion. He would be delighted to discuss its capabilities with you in more detail.

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