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