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.
Advising non-UK clients
Alistair MacDougall Compliance Conduct, EEA, email, EU, FCA, MiFID, passport, PI, vulnerable
Despite the fact that the UK ceased to be a member of the EU/EEA almost a year ago, we are still asked for advice around how a UK firm can take on a new non-UK client or continue to deal with such clients that the firm had pre-BREXIT. We have written before about the general […]