Product Enhancements & Content Management Updates

We completed the latest upgrade to ATEB Suitability on 27th May 2021. This update comes at no additional cost and provides various template & content management enhancements as well as performance improvements for data integration loading times.

Full details of the enhancements can be found in the tables below, but some of the highlights are:

Content Management – ‘Providers/Platforms’ library updated

Our library bank of provider/platform descriptive text has been revised to include up to date assets under management (AUM) figures.  In addition, following rebrands and mergers within the industry, we have made changes to the following providers/platforms:

  • Investec Asset Management now renamed Ninety One
  • Premier Asset Management now renamed Premier Miton

We have also added new descriptive text for the following mortgage provider within Content Management:

  • BM Solutions

The following changes have been scheduled to automatically take place, ready for a rebrand commencing on 14th June 2021:

  • Old Mutual Wealth to be renamed Quilter
  • Old Mutual Wealth Platform to be renamed Quilter Investment Platform

Improved Data Integration loading times

The data integration logic within the main Suitability Report template has been restructured to reduce the load time experienced when selecting from multiple integrated plans from within the Recommended Plans pages.

First Home Fund Scheme

For firms operating in Scotland, new functionality has been added to the Mortgage Details tab to accommodate ‘First Home Fund’ equity loan scheme recommendations. This includes a supporting set of Reasons, Disadvantages, and Risk Warnings.

Revised ‘Plan Charges’ table layout

Changes have been made to the layout and style of the Plan Charges tables within our main Suitability Report template.  The aim is to improve the readability of the tables and simplify their layout when used in conjunction with the ‘duplicate plans’ functionality.

Upgraded ‘Abridged Advice’ summary page

For firms operating within the DB transfer market, the wording and layout of the one page summary of our ‘Abridged Advice’ template has been reworked to further assist firms in meeting all of the rule requirements and making explicit what the client is agreeing to.

Upgraded ‘IHT Current Position’ table calculations

When calculating a client’s current IHT position and outlining any transferrable Nil Rate Band (NRB) available on a Joint (last survivor) basis, the table will now also calculate any transferable Residential Nil Rate Band (RNRB) available to the client.  In addition, the RNRB figure applicable will automatically be reduced by £1 for every £2 the ’Net Estate Value’ figure exceeds £2 million.

Template Change Details

Main Suitability Report

 

Change at a glance Location Detail
Improved data integration loading times. Getting Started page Investment/Retirement Advice Investment/Retirement Plan page Use Integration Plan Data? Yes We have reduced the time it takes for the suitability report template to draw through details of integrated plan data when reviewing multiple investment and/or retirement plans in the same report.
New ‘Charges’ table layout. Getting Started page Investment Advice/Retirement Advice Investment/Retirement Plan Charges page A new look and feel has been applied to the charges table within generated reports.
New ‘First Home Fund Scheme’ functionality. Getting Started page Mortgage Advice Mortgage Plans page Mortgage Details Help to Buy or First Home Fund? = First Home Fund We continue to enhance the Mortgage products available, and this includes our recent First Home Fund Scheme addition. Available for selection under the Mortgage Details tab with supporting Reasons, Disadvantages, and Risk Warning text.
New ‘Mortgage Term’ months field added. Getting Started page Mortgage Advice Mortgage Plans page Mortgage Details Firms can now outline the mortgage term in both years and months.
New ‘Power of Attorney’ suggested text. Planning Ahead page Power of Attorney A new paragraph of suggested text has been added for circumstances where the client already has a lasting/continuing power of attorney in place.
Enhanced ‘IHT Current Position’ table. Introduction to Advice page Current IHT Position Is the client entitled to any unused Nil Rate Band (NRB)/Residential Nil Rate Band (RNRB) from a deceased spouse/civil partner? When calculating a client’s current IHT position and outlining any transferrable Nil Rate Band (NRB) available on a Joint (last survivor) basis, the table will now also calculate any transferable Residential Nil Rate Band (RNRB) available to the client.  In addition, the RNRB figure applicable will automatically be reduced by £1 for every £2 the ’Net Estate Value’ figure exceeds £2 million.

Abridged Advice Template

 

Change at a glance Location Detail
New ‘Abridged Advice’ one page summary layout. Abridged Advice Summary page The wording and layout of the abridged advice summary page has been reworked to provide greater clarity to both firms and clients.

Content Management

 

Change at a glance Location Detail
‘Providers/Platforms’ descriptive text updated Dashboard Content Management Providers/Platforms Provider/platform descriptive text has been revised to include up to date assets under management (AUM) figures.

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.

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

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About the Author

Doug has over 14 years experience in the financial services industry and works as a Product Consultant for ATEB Suitability. He provides training and support for our users and also looks after the content of our suitability report templates. He loves to catch up with customers and is always available for a friendly chat.

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