ATEB Template

Start with the ATEB template named ‘Personal Pension 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 SectionATEB template defaultsTo be considered
Getting Started

Report DetailsDefaulted to individual (single) clientAmend as required

Report Title: ‘Retirement Planning Report’Amend as required

Advice Area: ‘Retirement Advice’

Covering Letter: defaulted to ‘No’Amend as required

Remainder of section blank to allow for case-by-case personalisationConsider whether more fields can be added to the template
Introduction to Advice


Sections included:

  • About your Firm
  • Background to our Meeting
  • Current Personal & Financial Circumstances
  • Agreed Objectives and Priorities
  • Attitude to Investment Risk
Amend as necessary
About your FirmAssumed ‘focussed independent advice’ providedAmend as necessary
Background to Our MeetingAssumed new client to firm Amend as necessary

Assumed client is not elderly or vulnerableAmend as necessary

Assumed that disclosure documentation has previously been provided or enclosed with the reportAmend as necessary

No disclosure documentation pre-tickedDo not pre-populate and enter on a case by case basis
Current Personal & Financial CircumstancesPersonalised Paragraph about Current Personal and Financial Circumstances pre-tickedConsider if further sections required as standard
Agreed objectives and prioritiesA comprehensive review assumed (looking at all areas of potential need). Amend as necessary

Objective used: ‘Save on a regular basis to provide for the future’ and ‘You are not investing for anything specific or any particular event.’Amend as necessary
Attitude to Investment RiskDefault introduction to risk paragraph pre-tickedConsider whether to use an in-house standard paragraph

Default ATR category selectedTo be entered on a case by case basis

Default introduction to capacity for loss pre-selectedConsider whether to use an in-house standard paragraph

Remainder of section blank to allow for case-by-case personalisationConsider whether more fields can be added to the template
Retirement Advice

Foreword to AdviceBlank to allow for case-by-case personalisation Consider whether any default text is appropriate 
Annual Allowance and Carry Forward ConsiderationsDefault to question: Include Annual Allowance and Carry Forward Considerations section? set to ‘No’Consider whether a default of ‘Yes’ appropriate and whether any further standardisation required
At Retirement AlternativesBlank 
Recommended Plan

Plan BuilderSet to New Plan

Provider/Platform: Blank To be entered on a case by case basis

Product: Personal Pension

Remaining fields blank Consider if further sections are required for the template
Plan DetailsActions applicable to this plan set to ‘Regular Contribution’ and ‘Source of Contribution’ (Personal Pension) as default. Remaining fields left blank to allow for case-by-case personalisationAmend as necessary

Policy Cancellation blankConsider if default entry to be used for template; or to be completed on a case-by-case basis
Plan FeaturesDefault options usedAmend as necessary
Recommendation ReasonsThis section left blank to allow for case-by-case personalisationConsider if further standardisation required for the template
Potential DisadvantagesBlank to allow for case-by-case personalisationAdd in all specific potential disadvantages required for the template
Situation on DeathDefault options usedAmend as necessary
Discounted AlternativesBlankConsider if any options can be added as standard to the template
Further ConsiderationsBlankConsider if any options can be added as standard to the template
Retirement Plan ChargesDefault to question: ‘Do you wish to include a breakdown of charges? set to ‘Yes’ with ongoing ‘Adviser’, ‘Product’ and ‘Fund’ charge rows added to table.  Amend as necessary 
Investment Strategy RecommendationAssumes Investment Strategy Recommendation relevant to New plan only

Preferred investment approach set to ‘Select and investment from Content Management’Amend as necessary

‘Include Fund Performance’ defaulted to ‘No’Amend as necessary

Remaining section left blank to allow for case-by-case personalisationConsider if further standardisation required for the template
Planning AheadSections included:
  • Wills
  • Powers of Attorney
You may want to include sections as standard
WillsBlankConsider if any options can be added as standard to the template
Powers of AttorneyBlankConsider if any options can be added as standard to the template
Important InformationSections included:
  • Cost of Our Services
  • Regular Reviews
  • Changes in Your Circumstances
  • Budget and Affordability
  • Emergency Funds
You may want to include further sections as standard
Cost of Our ServicesBlankSet any default charges applicable across the firm
Regular ReviewsDefault entries used

It is assumed that a regular review service will be implemented (or is in place)Amend as necessary
Changes to Your CircumstancesDefault text selectedConsider whether this meets your needs or whether amended text or a suitable standard paragraph is required
Budget and AffordabilityDefault text selectedAs above
Emergency FundsDefault text selectedAs above
AppendicesAssumes ATEB Glossary of Terms to be included within the report and Attitude to Risk definitions.

Consider whether any customised appendices should be included as standard
GlossaryDefault options selectedAmend as necessary
Risk WarningsDefault options selectedAmend as necessary