Important Note: Please ensure that any lives assured you wish to add to the bond, have been created as individual clients before starting the application.
Tip: when you have created your lives assured, use the ‘Star’ icon to add them to your quick list, to make searching for them later, much quicker.
1. From the homepage search for the relevant client.
2. Click on the ‘New business’ button at the top of the screen and select ‘New business application’.
3. Select the Collective Investment Bond and complete the questions about the advice that’s been given and click next.
4. Enter any remaining client details that have not already been provided. Information entered when initially setting up the client will have pulled through to the application.
- Confirm if your client wishes to apply “Capital Protected Death Benefit” to the bond.
- Add your lives assured at this stage by searching for them, or by using the quick list if you have added them previously.
- Choose the Relationship between the life assured and the bond holder from the drop down list.
- Click next
5. On the next screen, enter details of any servicing fee that has been agreed with the client and how the investment is going to be funded (Client and/or Third Party Payment).
- If you intend phasing the investment into the assets, please select here and choose the period to phase over and the start date for the phasing, noting that phasing takes place on the 1st of each month
- Enter the initial fee you have agreed with your client.
- The ‘Assumed holdings’ section allows you to include additional platform holdings (excluding this application) and the value of any linked accounts to enable the likely platform charge to be displayed within the illustration.
6. Select the assets to invest in using the ‘Search’ (or ‘Advanced search’) facility to locate them. You can choose model portfolios, discretionary fund manager portfolios, funds, or exchange traded instruments.
Important note: Cash is not available as an investable asset for the CIB.
Enter the asset allocation percentage split amongst the selected assets and ensure the total equals 100%.
Once you’ve entered the asset allocation, a risk score between 1 and 10 will be generated. There are however some exceptions and in some cases a risk score will not be generated.
7. The next screen allows you to review the information you have entered.
- Use the ‘Edit’ options to make any amendments.
8. Supporting documentation will be generated. These documents contain important pre-sale disclosure information for you to discuss with your client. You can consolidate the documentation into one file by selecting the documents you require and clicking the ‘Consolidate’ button.
9. Review the information, tick the declarations and when you are ready, click ‘Submit application’.
- You can save and exit at any stage, with the platform saving all entered information, up to the last fully complete page of the journey.
- The green banner at the top of the screen confirms your new business application has been submitted.
10. If you’ve chosen debit card as the payment method, continue to the payment stage by clicking ‘Proceed to payment’. You can choose to do this later from the client’s dashboard, however any delay will hold up the application.
