It can incorporate both behavioural and non-financial analysis, as well as considering alternative ways of achieving the client’s objectives.

To prepare an APTA a firm must:

• Assess the benefits likely to be paid and the options available under the ceding arrangement;
• Compare the benefits under the ceding arrangement with the benefits and options under the proposed

Charges such as product charges, platform charges, adviser charges in relation to the recommendation and subsequent advice should be taken into account. Adviser charges paid by the employer don’t need to be taken into account.