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 |
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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:
| 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:
| 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 |
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|
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 |
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Foreword to Advice | Pre-populated with suggested text | Amend this text; or delete to allow for case-by-case personalisation |
Recommended Plan 1 |
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Plan Details | Protection Type: Shareholder Protection Insurance | |
Plan Builder | Insurance Provider: Blank |
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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 |
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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 |
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|
| Section included:
| You may want to include further sections as standard |
Wills | Bespoke default text used | Amend as necessary |
Important Information |
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|
| Sections included:
| 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 |
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