ATEB Template

Start with the ATEB template named ‘Repayment Mortgage and Protection Template’. You will find this in the ‘Sample Templates’ tab within ‘Templates’.

The template has been pre-populated with basic information that is not client specific (see Table 1 below).


Firm Specific Template

Create your own version of the template using the ‘Duplicate Template’ button. Give it a meaningful name.

Modify the template to make it firm specific, for example by adding company and/or adviser details.

Consider the comments in Table 3 below under column ‘To be considered’ when modifying or creating templates based on the ATEB version.


Test Template

It is unlikely that you’ll get the template right first time. Therefore, once the template is created, use it to generate a client specific test report.

Based on the generated report, you may well need to amend the template further.

Repeat this testing process until you end up with as standard a template as possible but one which allows for full client specific personalisation.

The time spent here will save hours going forward.


Important Notes

•Prior to use, your template should be checked by your compliance department or compliance consultant.

•This template is provided only as a guide. ATEB IT Solutions does not accept legal or regulatory responsibility for the contents of the template.


ATEB suitability Section

ATEB template defaults

To be considered

Getting Started

 

 

Basic Client Details

Set to individual client(s) written on a joint basis

 

 

 

Remainder of section blank to allow for case-by-case personalisation

 

Amend this text

Covering Letter Information

Report Title: Mortgage and Protection Advice

 

Amend as required

Covering Letter Preamble

Example text used as default

Amend this text; or

delete this text and set up and select a suitable standard paragraph

 

Risk Warnings & Other Important Information

Example text used as default

As above


Remainder of section blank to allow for case-by-case personalisation

 

Consider whether more fields can be added to the template




Report Builder

Sections included:

 

Introduction to Advice

- Background to our Meeting

- Agreed Objectives and Priorities

 

Recommendations

- Mortgage Advice

- Protection Advice

 

Planning Ahead

- Your Will

 

Important Information

- Cost of our services

- Your Rights

- Your Duty of Disclosure

- Budget and affordability

- What Happens Next

 

Appendices

- Glossary of Terms

 

You may want to include further sections as standard, for example ‘About’ (your firm)




Introduction to Advice

 


Background to Our Meeting

Assumed that client contacted the office for advice

 



Assumed client is not elderly or vulnerable

 



High level, basic background reason for advice left blank

 

This can be left blank; or

you could use standard background text; or

set up and select a suitable standard paragraph


Assumed that disclosure documentation will be included with the report or has previously been issued

 

Do not pre-populate and enter on a case by case basis


No disclosure documentation pre-ticked

 

As above

Agreed objectives and priorities

Focussed advice assumed

 

Amend as necessary


Objective has been set to ‘Obtain a Mortgage’

You can either leave as is so that when a client specific report is generated from the template, the adviser can change the objective; or

as re-mortgage will be a common objective, you could create a new mortgage template and a separate re-mortgage template (based on this one)


Personalised reason (why this objective is important to you) left blank

 

To be completed case-by-case

Mortgage Advice


Section Builder
Mortgage Lender
Risk Warnings

Amend the sections you want to include in your template
Foreword to advice
Blank to allow case-by-case personalisation
Consider whether any default text is appropriate
Lender Recommendation
Lender Name blank
Amend as necessary

Select your reasons for lender recommendations  left blank for case by case personalisation.
Templates could be created or enter personalised reason
Risk Warnings
Blank to allow case-by-case personalisation

Recommended Plan


Plan Builder    
No supplementary documentation pre-ticked.
Amend as necessary
Mortgage Details
New purchase assumed
Amend as necessary

Mortgage parties -  2 individual client(s) boxes ticked
Amend as necessary

Repayment mortgage assumed. Remainder of mortgage questions left blank to allow for case by case personalisation.
Amend as necessary

Cautious attitude to risk assumed        
Amend as necessary

Fixed interest rate type assumed. Remaining questions left blank    
Amend as necessary

Initial rate term pre-ticked. Initial term set as Months. Remaining interest rate type questions left blank to allow for case by case personalisation    
Amend as necessary

No Debt consolidation pre-ticked
Amend as necessary
Product Recommendation Reasons
Assumed clients want mortgage to reduce over time and to guarantee repays loan at the end of the term. Remaining questions left blank to allow for case by case personalisation  
Amend as necessary
Product Recommendations Reasons (cont.)    
To keep your monthly repayments low pre-ticked
Amend as necessary or personalise reasons
Potential Disadvantages
Blank to allow case-by-case personalisation
Consider whether any default text is appropriate
Protection Advice


Section Builder


Product Provider
Amend the sections you want to include in your template
Foreword to advice

Standard ATEB text selected

Amend this text; or

delete this text and set up and select a suitable standard paragraph

Provider Recommendation
Provider Name blank
Amend as necessary

Assumed provider offers a competitive premium and are a reputable firm with excellent administration.
Amend as necessary or set up and select a suitable paragraph or personalise reasons
Recommended Plan


Plan Builder
Cancellation pre-ticked
Amend as necessary
Plan Details
Term Assurance, Mortgage Protection, and protection against death selected
Amend as necessary

Plan owners - 2 individual client(s) boxes ticked


Joint life first event selected


Life/lives assured - 2 individual client(s) boxes ticked


Initial benefit will reduce, text selected


Standard ATEB text selected.
Amend as necessary or personalise reasons

Reasons for not selecting Critical illness cover left blank.
Amend as necessary or personalise reasons

30 day cancellation period selected

Plan Features
Plan term left blank, ATEB suggested default text selected  
Amend as necessary

Guaranteed premium selected, ATEB suggested default text selected
Amend as necessary

Assumed not Convertible, Renewable or Index linked plan
Amend as necessary

Standard ATEB text selected
Amend as necessary

Assumed waiver of premium not included and ATEB default text selected
Amend as necessary

No Additional Benefits included
Amend as necessary
Product Recommendation Reasons
Assumed reasons for product recommendation; this plan offers affordable protection and under mortgage; clients like peace of mind that mortgage will be repaid in the event of untimely death.  Remainder of product recommendation questions left blank to allow for case by case personalisation.


Amend as necessary or set up and select a suitable paragraph or personalise reasons


Potential Disadvantages
Assumed potential disadvantages; policy will lapse if premiums not paid and at end of term policy will cease.  Remainder of potential disadvantages left blank to allow for case by case personalisation.


Amend as necessary or set up and select a suitable paragraph or personalise reasons


Planning Ahead


Wills


No Will - ATEB suggested default text selected


Amend as necessary or set up and select a suitable paragraph or personalise text
Important Information


Cost of Our Services
ATEB default text selected - we have agreed following remuneration
Amend as necessary or set up and select a suitable paragraph

Mortgages fees selected as charging method
Amend as necessary

default text selected
Use default or personalise

Detailed breakdown selected as Yes
Amend as necessary

Commission from lender and to be shown as percentage of mortgage fee selected
Amend as necessary or add breakdowns

Explanation (optional) default text selected. Amount left blank for personalisation.
Amend as necessary or personalise

Protection Commission; initial commission box selected. Remaining commission options left blank to allow for case by case personalisation.

Amend as necessary or personalise


Your Rights        
Standard ATEB text selected
Consider whether this meets your needs or whether amended text or a suitable standard paragraph is required
Your Duty of Disclosure
Standard ATEB text selected


Consider whether this meets your needs or whether amended text or a suitable standard paragraph is required
Budget and Affordability
Standard ATEB text selected


Consider whether this meets your needs or whether amended text or a suitable standard paragraph is required
What Happens Next
Standard ATEB text selected


Delete this and set up and selected a suitable standard paragraph