ATEB Template

Start with the ATEB template named ‘Annual Review Flexi-Access Drawdown 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 (single) client

 Amend as required

 

Report Title: Annual Review

 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 personalisation

Consider whether more fields can be added to the template

Introduction to Advice




Sections included:
 

  • Background to our Meeting
  • Current Personal & Financial Circumstances
  • Agreed Objectives and Priorities
  • Attitude to Investment Risk

Amend as necessary

Background to Our Meeting

Assumed part of annual review 

Amend as necessary

 

Assumed client is not elderly or vulnerable

Amend as necessary


Assumed that disclosure documentation has previously been issued

Amend as necessary


No disclosure documentation pre-ticked

Do not pre-populate and enter on a case by case basis

Current Personal & Financial Circumstances

Personalised Paragraph about Current Personal and Financial Circumstances pre-ticked

Consider if further sections required as standard

Agreed objectives and priorities

Focussed review assumed

Amend as necessary

 

Objective used: ‘Review your current pension arrangements’ and ‘You would like to review your existing Flexi-Access Drawdown plan to determine whether your targeted retirement income is still appropriate and sustainable, and consider any changes needed.’

Amend as necessary

Attitude to Investment Risk

Default introduction to risk paragraph pre-ticked

Consider whether to use an in-house standard paragraph

 

Default ATR category selected

To be entered on a case by case basis

 

Assumed no change in client ATR from previous rating

Amend as necessary

 

Default introduction to capacity for loss pre-selected

Consider whether to use an in-house standard paragraph

 

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

Consider whether more fields can be added to the template

Retirement Advice

 

 

Foreword to Advice

Blank to allow for case-by-case personalisation 

Consider whether any default text is appropriate 

Annual Allowance and Carry Forward Considerations

Default 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 Alternatives

Blank 

 

Recommended Plan

 

 

Plan Builder

Set to Existing Plan



Provider/Platform: blank

To be completed on a case by case basis

 

Product: Flexi-Access Drawdown

 

Plan Details

Review outcome – ‘Other’ free text option selected



Actions applicable to this plan set to ‘Income’ and ‘Withdrawals’

Amend as necessary

Recommendation Reasons

This section left 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

Critical Yield A/B Comparison

Default to question: Include Critical Yield A/B Comparison section? Set to ‘No’

Amend as necessary

Situation on Death

Default to question: Are you nominating a beneficiary in the event of the client’s death? set to ‘No’.

 

Discounted Alternatives

Blank

Consider if further standardisation required for the template

Further Considerations

Blank

Consider if further standardisation required for the template

Retirement Plan Charges


  


Default 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 Recommendation


 


Assumes Investment Strategy Recommendation relevant to Existing 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 personalisation

Consider if further standardisation required for the template

Planning Ahead




No sections included

You may want to include sections as standard

Important Information




Sections included:

 

  • Cost of Our Services
  • Regular Reviews
  • Changes in Your Circumstances

You may want to include further sections as standard

Cost of Our Services

‘Ongoing Servicing Fee’ selected as charging method

Set any default charges applicable across the firm

Regular Reviews

Default entries used



It is assumed that a regular review service will be implemented (or is in place)

Amend as necessary

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.

Amend as necessary


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