BAT are thrilled to announce that the Protection Suitability Report (SR) has been added to the Auto Report section. This enhanced SR report, upgraded by IFAC, now includes the latest Consumer Duty updates and incorporates all recent FCA papers on the subject. The new report not only meets higher standards but is also more user-friendly and quicker to complete than ever before.
Key Features of the New SR Report:
•Easy to Understand: The report is designed to be straightforward and easy to comprehend.
•Faster Completion: You can generate a report in record time, making the process more efficient.
•Simple Questions: The questions are intuitive and quick to answer, ensuring a smooth reporting experience.
•Generate Reports for Multiple Insurance Types:
The Auto Report now allows you to generate reports for:
•Term Assurance
•Critical Illness Insurance
•Permanent Health Insurance (PHI)
Effortless Report Generation:
•Minimal Input Required: Users only need to complete 35 questions, with most details automatically pulled from the Fact Find (FF), requiring zero effort from IFAs.
•Slider Questions: 15 of the questions are sliders, where you simply slide to select ‘yes’ or ‘no’, and the resulting text is automatically included.
•Multiple-Choice Questions: 13 questions offer pre-set options, such as the length of the deferred period for PHI, with all compliant text provided and inserted into the report effortlessly.
•Minimal Typing: Only 7 questions require you to enter dates, text, or numbers.
Complete Your Report in Just 15 Minutes:
With these enhancements, you can complete the report in record time—possibly in just fifteen minutes. This streamlined process ensures that you can focus on what matters most while generating comprehensive and compliant reports with ease.
Experience the new SR report today and see how it simplifies your reporting process!