The FSA has placed new significance on suitability letters, now called suitability reports, after announcing new requirements for firms in November last year.

ATEB director, Huw Reynolds, says: “The industry has been crying out for this type of software for years.

“Existing report generators are all well and good, but there is too much reliance on user input and hence error rates are high.

“Intelledox virtually eliminates errors by forcing the user through a simple ‘wizard’ type interface."

The move to incorporate ATEB Suitability with Aequos Engage follows a pilot at the end of 2007 with a number of adviser firms.

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This article was first published by IFAonline, part of the Incisive Media group.