Shareholder Protection Template

Modified on Sun, 15 Nov, 2020 at 8:40 PM

ATEB Template

Start with the ATEB template named ‘Shareholder 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 ‘Business Customer’	Amend as necessary
	Report Title: ‘Business Protection Planning’	Amend as necessary
	Advice Area: ‘Business Protection Advice’	Amend as necessary
	Business Type: ‘Limited Company’	Amend as necessary
	Covering Letter: defaulted to ‘Yes’	Amend as necessary
	Remainder of section blank to allow for case-by-case personalisation	Consider whether more fields can be added to the template
Strategy Overview
	Sections included: Methodology Consideration of other Agreements An Effective Arrangement Commerciality Taxation Aspects of this Arrangement	Amend as necessary
Methodology	Blank to allow for case-by-case personalisation	Consider whether any default text is appropriate
Consideration of other Agreements	Blank to allow for case-by-case personalisation	Consider whether any default text is appropriate
An Effective Arrangement	Blank to allow for case-by-case personalisation	Consider whether any default text is appropriate
Commerciality	Blank to allow for case-by-case personalisation	Consider whether any default text is appropriate
Taxation Aspects of this Arrangement	Blank to allow for case-by-case personalisation	Consider whether any default text is appropriate
Introduction to Advice
	Sections included: About your Firm Background to our Meeting Agreed Objectives and Priorities Summary of Advice	Amend as necessary
About your Firm	Assumed ‘focussed independent advice’ provided	Amend as necessary
Background to Our Meeting	Bespoke ‘Other’ default text used under ‘Who contacted who’	Amend as necessary
	Assumed client is not elderly or vulnerable	Amend as necessary
	Assumed that disclosure documentation will be included with the report or has previously been issued	Amend as necessary
	No disclosure documentation pre-ticked	Do not pre-populate and enter on a case by case basis
Agreed objectives and priorities	A focussed review assumed (looking at one or more areas of potential need).	Amend as necessary
	Objective used: ‘Protecting your business’ and ‘You asked us to investigate ways to protect your business in the event of a shareholding director dying.’	Amend as necessary
Summary of Advice	Bespoke default text used under ‘Summary of Advice’	Amend as necessary
Protection 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 allow for case-by-case personalisation
Retirement Advice
Foreword to Advice	Pre-populated with suggested text	Amend this text; or delete to allow for case-by-case personalisation
Recommended Plan 1
Plan Details	Protection Type: Shareholder Protection Insurance
Plan Builder	Insurance Provider: Blank
	Product Type: Level Term Assurance (protecting against death)
	Life Basis: Single Life
	Policy Cancellation: blank	Consider if default entry to be used for template; or to be completed on a case-by-case basis
	Remaining fields left blank to allow for case-by-case personalisation	Consider if further standardisation required for the template
Plan Features	Default options used	Amend as necessary
Recommendation Reasons	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
Recommended Plan 2
Plan Details	Protection Type: Shareholder Protection Insurance
Plan Builder	Insurance Provider: Blank
	Product Type: Level Term Assurance (protecting against death)
	Life Basis: Single Life
	Policy Cancellation: blank	Consider if default entry to be used for template; or to be completed on a case-by-case basis
	Remaining fields left blank to allow for case-by-case personalisation	Consider if further standardisation required for the template
Plan Features	Default options used	Amend as necessary
Recommendation Reasons	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
Planning Ahead
	Section included: Wills	You may want to include further sections as standard
Wills	Bespoke default text used	Amend as necessary
Important Information
	Sections included: Cost of Our Services Your Duty of Disclosure Changes in Your Circumstances Budget and Affordability What Happens Next	You may want to include further sections as standard
Cost of Our Services	Set to 'Protection Commission'	Set any default charges applicable across the firm
Your Duty of Disclosure	Default text selected	Amend as necessary
Changes to Your Circumstances	Bespoke default text used	Amend as necessary
Budget and Affordability	Default text selected	Amend as necessary
What Happens Next	Default text selected	Amend as necessary
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