New pension transfer rules – ATEB Suitability is ready

In readiness for the new rules relating to Defined Benefit Transfers (FCA Policy Statement PS20/06) applicable from 1st October 2020, ATEB Suitability intelligent report writing software has been upgraded. 

This upgrade includes: 

  • The new mandatory one-page Pension Transfer Summary;
  • Additional Workplace Pension Scheme Options;
  • A new Abridged Advice Template Report;
  • Expanded descriptive text for TVC.

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.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

One of the key benefits that our clients who use ATEB Suitability intelligent report writing software gain is that updates required by changes in regulation or tax legislation are taken care of by ATEB. Users simply need to create a report, safe in the knowledge that the output will be compliant and up to date.

So we are proud that, yet again, our software colleagues in ATEB IT have delivered a significant update bang on time. 

Action Required By You

  • If you would like to see how ATEB Suitability could help you create consistent, compliant suitability reports, sign up for a free trial here.
  • For assistance with any other queries around your advice processes or compliance, contact ATEB Consulting directly.

About the Author

Technical Manager - Often referred to as the Oracle or the Sage, Alistair has a wealth of financial services experience. He is our go-to Technical Manager and enjoys nothing more than a complicated conundrum. Feel free to test his renowned knowledge by getting in touch.

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