75point3 - Business Advice

Glossary Have a chat with our experts today T: 01492 877299 E: info@75point3.com W: 75point3.co.uk We are Chartered Financial Planners, publicly committed to a customer first approach and values that align with a professional Code of Ethics. 75point3 Limited is authorised and regulated by the Financial Conduct Authority – No: 418618. Registered Office: 14 Penrhyn Road, Colwyn Bay, Conwy, LL29 8LG. 1. Information Check We are legally required to obtain some key information about you and your business before we can advise you. a. Business information We will talk to you and your Accountants and will also use external sources such as ‘Companies House’ and ‘Risk Disc’ to obtain key information about your business including: • Latest financial accounts • Company loans • Company structure and Shareholdings • Director business history • Risk check and credit rating • Current Protection policies and any prior claims b. Personal information (for main Directors) Youmay also need to bring a number of personal documents (including at least one photographic) to the meeting to show your Adviser from the list below: • Valid UK Passport (Check it is still in date and not expired) • Valid UK Driving Licence (Must have your current address on) • 3 months’ most recent payslips or if self-employed 3 years tax calculations/SA302’S • 3 months’ most recent bank statements • Proof of Deposit • Any personal finance that you have outstanding such as credit card statements, personal loans or car finance 2. Information Agreements Your Adviser will ask you to provide details of any existing plans or policies. Information agreement forms are signed for each policy to give 75point3 the authority to request details from the policy plan/provider. This valuable information allows us to find protection strategies suitable for your business. 3. Fact Find Your Adviser will complete a fact find ensuring that they fully know and understand your business situation and requirements. The fact find will help identify what is relevant and also helps to prioritise any actions required. We aim to ensure that any business or personal information that we retain about you, is accurate, complete and up to date. 4. Paraplanning Our paraplanning team works closely with our Protection Advisers and Administrators to provide our business clients with a professional and seamless ongoing protection planning experience. The Paraplanners undertake product research, obtain illustrations and use analytical software to review a client’s existing arrangements. This research is then pulled together into a detailed suitability report for the Protection Adviser to review before it is presented to the client. When time permits, Paraplanners may attend client meetings with the Protection Adviser, as it enhances the client relationship and also gives the Paraplanner a greater understanding of the client’s particular circumstances and objectives. 5. Underwriters Underwriters evaluate and analyse the risks involved in insuring businesses, their people and their assets. Insurance Underwriters establish pricing for accepted insurable risks. The term underwriting means receiving remuneration for the willingness to pay a potential risk. Underwriters use specialised software and actuarial data to determine the likelihood and magnitude of a risk. The Financial Conduct Authority does not regulate employee benefits and some forms of business financial planning.