Change at a glance

Location

Detail

Revised Current Personal & Financial Circumstances tab to include joint personal & financial details.

Selected from:

Report Builder → Current Personal & Financial Circumstances → Introduction to Advice → Summary of the Client(s) Current Personal and Financial Circumstances.

Output text will be presented as an appendix in the report.

This change adds the ability to capture total income, expenditure, pensions, investment and property in a table format on a joint basis including newly added business, property and other assets value boxes.

‘Product Recommendation Reasons’ renamed to ‘Recommendation Reasons’

Selected from:

Report Builder → Mortgages/Protection/Investment/Retirement Advice → Recommended Plan

When providing advice on existing plans the reasons are more relevant to the suitability of the action taken rather than the plan itself; when providing advice on a new plan the reasons are why the new plan is suitable, we have therefore renamed the overarching Product Recommendation Reasons tab in the wizard to Recommendation Reasons to improve clarity.

Change at a glance

Location

Detail

Attitude to Investment Risk section is now also available as a tick option for inclusion at an overall report level.

Selected from:

Report Builder → Introduction to Advice → Attitude to Investment Risk

If you select this option, output text is presented in the report under Introduction to Advice → Attitude to Investment Risk.

The increased functionality now provides the flexibility to cover the ATR and Capacity for Loss of the client at an overall report level.

It is still possible to select ATR and Capacity for Loss from both the overall recommendation and individual plan levels.

Replacement of existing Capacity for Loss suggested text options.

Selected from:

(1) Report Builder → Introduction to Advice → Attitude to Investment Risk → Describe Capacity for Loss Discussions

(2) Report Builder → Investment Advice/Retirement Advice → Section Builder/Plan Builder → Attitude to Risk → Describe Capacity for Loss Discussions

If you select these options, output text is presented in the report under the heading Attitude to Investment Risk.

Suggested text options describing the Capacity for Loss discussions with a client have been enhanced to better record the client position.

Change at a glance

Location

Detail

‘Rate Switch’ added as new product to ‘Mortgage Type’ drop down.

Selected from:

Report Builder → Mortgage Advice → Recommended Plan → Plan Builder → Mortgage Details → Select Product Type

Output text is presented in the report under the heading Mortgage Advice → Mortgage Recommendation.

We continue to enhance the Mortgage products available and this includes our recent Rate Switch addition. The ‘Rate Switch’ is available for selection under the Plans tab with further suggested recommendation text found under the Recommendation Reasons tab.

New Potential Disadvantages text added to Mortgage Advice.

Selected from:

Report Builder → Mortgage Advice → Recommended Plan → Potential Disadvantages

Output text is presented in the report under the heading Potential Disadvantages.

Suggested text options added to the Potential Disadvantages tab to cater for potential future interest rate rises.

Change at a glance

Location

Detail

New Potential Disadvantages and Risk Warning text added to Protection Advice.

Selected from:

Report Builder → Protection Advice → Recommended Plan → Potential Disadvantages

Output text is presented in the report under the headings Potential Disadvantages & Risk Warnings.

To accommodate for life cover ending in the event of a claim for policies written on a joint life first event basis we have included further suggested text options within the Potential Disadvantages tab and an automated Risk Warning that will draw through to the final report.