Template Enhancements: New ‘Business Protection’ Products

We have completed the latest upgrade to ATEB Suitability on 23 October 2024. This update comes at no additional cost and provides various template-related enhancements. 

 

Full details of the enhancements can be found below:

Suitability Report Template: New ‘Executive Income Protection’ and ‘Business Loan Protection’ product types

‘Executive Income Protection’ and ‘Business Loan Protection’ have been added as new product types to our suite of business protection products. These new products feature enhanced wizard functionality, new ‘Strategy Overview’ supportive wording, and a comprehensive suite of reasons, disadvantages, risk warnings and glossary items.

Suitability Report and Review Templates: New ‘Charges’ table definitions

‘Portfolio (OCF)’, ‘Portfolio (AMC)’ and ‘Portfolio (TER)’ have been added as new charge type definitions to the ‘Charges’ tables of our ‘Suitability Report’ and ‘Suitability Review’ templates.

 

Suitability Report Template

Change at a glance Location Detail
New ‘Executive Income Protection’ product type. Getting Started page ‘To whom are you providing advice?’ = ‘Corporate (Business Protection Advice)’  ‘Protection Plans’ page ‘Protection Type’ drop down = ‘Executive Income Protection’ A new product type is available for recommendation, featuring enhanced wizard functionality, new ‘Strategy Overview’ supportive wording, and a comprehensive suite of objectives, reasons, disadvantages, risk warnings and glossary items.
New ‘Business Loan Protection’ product type. ‘Getting Started’ page ‘To whom are you providing advice?’ = ‘Corporate (Business Protection Advice)’ ‘Protection Plans’ page ‘Protection Type’ drop down = ‘Business Loan Protection’ A new product type is available for recommendation, featuring enhanced wizard functionality, new ‘Strategy Overview’ supportive wording, and a comprehensive suite of objectives, reasons, disadvantages, risk warnings and glossary items.

Suitability Report & Review Templates

Change at a glance Location Detail
New ‘Charge Type’ definitions. Suitability Report Template: ‘Getting Started’ page ‘Investment Advice’ and/or ‘Retirement Advice’ ‘Investment Plan Charges’ page and/or ‘Retirement Plan Charges’ page ‘Charge Type’ table column

Suitability Review Template: ‘Review Details’ page ‘Existing Plans’ table ‘Action’ = Any regular or lump sum investment/contribution ‘Further Information’ page Do you wish to outline the ongoing charges applicable to the client(s) new contributions? = ‘Yes’ ‘Charge Type’ table column

‘Portfolio (OCF)’, ‘Portfolio (AMC)’ and ‘Portfolio (TER)’ have been added as new charge type definitions to the ‘Charges’ tables of our ‘Suitability Report’ and ‘Suitability Review’ templates. These definitions will sit alongside or current charge type definitions of ‘Fund (OCF)’, ‘Fund (AMC)’ and ‘Fund (TER)’, and will ensure consistency in terminology when recommending a ‘Portfolio’ rather than a ‘Fund’.

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.

ATEB Compliance offers compliance and regulatory advice.

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 Senior 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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