ATEB Template

Start with the ATEB template named ‘Repayment Mortgage and Protection Template’. You will find this in the ‘Sample Templates’ tab on the ‘Templates’ page.  The template has been pre-populated with basic information that is not client specific (see table 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 the table below under the column ‘to be considered’ when modifying or creating templates based on the ATEB version.


Test Template

You may not 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 need to amend the template further.  Repeat this testing process until you have a template which enables full client specific personalisation but contains common standard content.  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 Ltd does not accept legal or regulatory responsibility for the contents of the template.


ATEB suitability Section

ATEB template defaults

To be considered

Getting Started

 

 

Report Details

Defaulted to individual client / joint basis

 

 

Report Title: Mortgage and Protection Advice

 


Advice Area: ‘Mortgage Advice’ and ‘Protection Advice’



Covering Letter: defaulted to ‘No’

Amend as required

 

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

Consider whether more fields can be added to the template

Introduction to Advice

Sections included:

  • Background to our Meeting
  • Agreed Objectives and Priorities

Amend as necessary

Background to Our Meeting

Assumed that client contacted the office for advice

Amend this entry as necessary

 

Assumed client is not elderly or vulnerable

 


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 used: ‘Obtain a Mortgage’ and ‘Protect against the financial consequences of death’

Amend as necessary

 

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

To be completed case-by-case

Mortgage Advice

 

 

Foreword to Advice

Blank to allow for case-by-case personalisation 

Consider whether any default text is appropriate 

Financial Experience and Knowledge

Blank

To be completed case-by-case

Mortgage Preferences

Blank

To be completed case-by-case

Recommended Plan

 

 

Plan Builder

New purchase assumed

Amend as necessary


Lender: Blank

 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. 

Amend as necessary

 

Remaining section left blank to allow for case by case personalisation

 

Recommendation Reasons

This section left blank to allow for case-by-case personalisation

Consider if further standardisation required for the template

Recommendations Reasons (cont.)

Blank to allow for case-by-case personalisation

Consider if further standardisation required for the template

Potential Disadvantages

Blank to allow for case-by-case personalisation

Consider if further standardisation required for the template

Protection Advice

 

 


Assumes New policy recommendation only

 

Foreword to Advice

Blank to allow for case-by-case personalisation 

Consider whether any default text is appropriate 

Financial Experience and Knowledge

Blank

To be completed case-by-case

Recommended Plan

 

 

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

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

Sections included:

  • Wills

You may want to include further sections as standard.

Wills

Assumes no will - ATEB suggested default text selected

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

Important Information

Sections included:

  • Cost of Our Services
  • Changes in Your Circumstances

You may want to include further sections as standard.

Cost of Our Services

Default set to ‘Mortgage Fees’ and ‘Protection Commission 

Set any default charges applicable across the firm

Changes to Your Circumstances

Default text selected

Consider whether this meets your needs or whether amended text or a suitable standard paragraph is required

Appendices

Assumes ATEB Glossary of Terms to be included within the report



Consider whether any customised appendices should be included as standard

 

Glossary

Default options selected

Amend as necessary

Risk Warnings

Default options selected

Amend as necessary