We have completed the latest upgrade to ATEB Suitability on 10th November 2022. This update comes at no additional cost and provides various template related enhancements as well as a brand new template designed to assist firms in producing fast and compliant ‘ad-hoc business’ reports/letters outside of annual review.
Full details of the enhancements can be found in the tables below, but some of the highlights are:
New ‘Ad-hoc Business (outside of annual review)’ template
Following feedback from customer firms we have added a new ‘Ad-hoc Business’ option to the ‘Periodic Suitability Review Report/Letter’ template. This template option is designed to assist firms in the production of fast and compliant ad-hoc business letters/reports outside of annual review, and will cover the following types of recommendations/actions in respect of a clients’ existing plans:
- Bed and ISA
- Lump sum investment/contribution
- Commence, amend, or cease a regular investment/contribution
- Commence, amend, or cease investment income
- Fund performance review
- Fund switch
Please note – as a result of the changes outlined above, the ‘Periodic Suitability Review’ template will now be known as the ‘Suitability Review’ template.
New ‘Ongoing Charges’ table added to ‘Suitability Review’ template
It is now possible to disclose the ongoing charges applicable to a clients’ newly recommended contribution amounts via our new ‘Ongoing Charges’ table, which will prompt firms to capture the ongoing adviser, platform and fund charge in both percentage and cash amounts.
Enhanced ‘Revised Fund Holdings’ table functionality applied to ‘Suitability Review’ template
When recommending a fund switch as part of an annual review, we have enhanced the logic attached to the ‘Fund Switch Recommendation’ page to provide firms the ability to outline the revised fund holdings of a clients’ portfolio regardless of the ‘Preferred Approach’ used i.e. ‘Select a Model Portfolio from Content Management’, ‘Select an Investment from Content Management’ or via ‘Manually create a table’.
Enhanced ‘Glossary’ functionality
Firms can now save their own library of glossary items centrally via the ‘Company Paragraph’ feature of Content Management or via the new free text functionality within the reports page itself.
Content Management Additions
We have also added the following funds to the ‘Investments’ library of Content Management:
- Tatton Global Tracker Defensive
- Tatton Global Tracker Cautious
- Tatton Global Tracker Balanced
- Tatton Global Tracker Active
- Tatton Global Tracker Aggressive
- Tatton Global Managed Defensive
- Tatton Global Managed Cautious
- Tatton Global Managed Balanced
- Tatton Global Managed Active
- Tatton Global Managed Aggressive
Suitability Report Template
| Change at a glance | Location | Detail |
|---|---|---|
| ‘Frequency’ drop down added for ‘UFPLS’ recommendations. | Getting Started page → Retirement Advice → Retirement Plans page → Plan Details tab → ‘Actions Applicable to this Plan’ = ‘Withdrawals/UFPLS’ | It is now possible to capture the frequency of the UFPLS withdrawal via a new wizard drop down. |
| ‘Enduring Power of Attorney’ option added to ‘Power of Attorney’ section. | Getting Started page → Important Information page → Power of Attorney tab | To cater to our Northern Ireland customers, we have added a new ‘Enduring Power of Attorney’ option to our ‘Power of Attorney’ section. |
| New ‘Glossary’ functionality. | Getting Started page → Appendices page → ‘Select any ATEB appendices you wish to include in the ‘Appendices’ section of your report:’ = ‘Glossary of Terms’ | We have added company paragraph and free text functionality to the ‘Glossary’ page. |
| New ‘My recommendation is to…’ drop down wording. | Getting Started page → Retirement Advice → Retirement Plans page → ‘Is this a New or Existing Plan?’ = ‘Existing Defined Contribution Plan’ | For recommendations pertaining to pension switch, we have added a new ‘My recommendation is to’ drop down option – ‘Top up your plan with a lump sum contribution from transferred funds.’ |
| Help to Buy and First Home Fund content removed. | Getting Started page → Mortgage Advice → Help to Buy or First Home Fund? | Following the closure of the Help to Buy Scheme in England and the First Home Fund Scheme in Scotland all content relating to these schemes has been removed. |
Suitability Review Template
| Change at a glance | Location | Detail |
|---|---|---|
| New ‘Ad-hoc Business’ template. | Eligibility Criteria page → ‘Periodic Suitability Review, Continued Suitability Review or Ad-hoc Business (outside of annual review)?’ = ‘Ad-hoc Business (outside of annual review)’ | Our new ‘Ad-Hoc Business (outside of annual review)’ template will assist firms in producing fast, efficient and complaint ad-hoc business letters/reports. |
| New ‘Ongoing Charges’ table. | Eligibility Criteria page → ‘Periodic Suitability Review, Continued Suitability Review or Ad-hoc Business (outside of annual review)?’ = ‘Periodic Suitability Review’ or ‘Ad-hoc Business (outside of annual review)’ → Further Information page → Ongoing Charges | Firms can now capture the ongoing charges application to a clients’ new contribution amount(s). |
| Updated ‘Revised Fund Holdings’ table. | Eligibility Criteria page → ‘Periodic Suitability Review, Continued Suitability Review or Ad-hoc Business (outside of annual review)?’ = ‘Periodic Suitability Review’ or ‘Ad-hoc Business (outside of annual review)’ →Review Details page → ‘Fund Review’ section = ‘Fund Switch’ → Fund Switch Recommendation page | It is now possible to outline the revised fund holdings of a clients’ portfolio following switch regardless of the ‘Preferred Approach’ used. |
Content Management
| Change at a glance | Location | Detail |
|---|---|---|
| New ‘Investments’ added to Content Management library | Dashboard (home screen) → Content Management page → ‘Investments’ | We have added Tatton’s ‘Global’ portfolio range 1-10. |
Please don’t forget we have a collection of ‘how to’ guides, articles and hints/tips via our FAQs which are available on our Help & Support Portal.
Our support team are available 9am – 5pm / Mon – Fri to answer any further questions you may have support@atebsuitability.co.uk / 0191 338 8177.
Tax Year End Update
Doug McFarlane Suitability 2024, Pension, transfer, Update
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