Overview of Genovo Report Sections:
A comprehensive suitability report solution covering over 90 product types

Summary of Sections

Here’s an overview of the sections that make up the Genovo Suitability Report App. Click on the section heading to view the product types and steps / topics covered within that section.

Review Sections

Review of Your Existing Investments

Product Types

AIM Investment
Business Relief IHT Scheme
BR IHT Scheme ISA
Cash ISA
Child Trust Fund
Collective Investment
Deposit Account
Direct Equity Investment
Discretionary Managed Portfolio
Endowment Plan
Enterprise Investment Scheme
ETF Investment
Fixed Rate Bond
Friendly Society Regular Savings Plan
General Investment Account
Guaranteed Growth Bond
Guaranteed Income Bond
Help to Buy ISA
Investment Trust
Junior ISA
Lifetime ISA
National Savings Premium Bond
National Savings Pensioner Bonds
National Savings Certificates
National Savings Guaranteed Bond
National Savings Income Bond
Offshore Investment Bond
Onshore Investment Bond
Regular Savings Plan
Stocks & Shares ISA
Structured Product
Trustee Investment Plan
Venture Capital Trust

Steps / Topics

Plan Summary
* Current Investment Strategy
Plan Charges
Recommended Action
* Retain
* Top up
* Encash (and reinvest)
* Cash-in
* Transfer
* Fund switch
* Portfolio switch
* Rebalance
* Unit class conversion
* Re-register funds
* Draw an income
* Bed & ISA
* Bed & pension
* Assign
Disadvantages & Tax Implications
Replacement Business
* Charges Comparison 
* Reduction In Yield Comparison
* Performance Comparison

Review of Your Existing Pensions

Product Types

AVC
Defined Benefit Pension
Executive Pension
FSAVC
Group Personal Pension
Group Stakeholder Pension
Mastertrust Workplace Pension
Occupational Money Purchase Scheme
Personal Pension
QNUPS
QROPS
Retirement Annuity
Retirement Trust Scheme
Section 32 Buy Out
SIPP
SSAS
Stakeholder Pension

Steps / Topics

Plan Summary
* Current Investment Strategy
Money Purchase Benefits & Features
Plan Charges

Recommended Action
* Retain
* Top up (and carry forward)
* Adjust the regular contributions
* Switch (money purchase transfer)
* DB transfer (Including insistent client options)
* In-specie transfer
* Draw benefits
* Transfer and draw benefits
* Take the open market option
* Fund switch
* Portfolio switch
* Rebalance
* Unit class conversion
* Cash-in / trivial commutation
* Invest pension scheme assets
* Group scheme transfer
* Certify (ahead of AE Staging Date)
Lump Sum Payment
Disadvantages & Tax Implications
Replacement Business
* Charges Comparison
* Reduction In Yield Comparison
* Performance Comparison
* Death Benefits

Review of Your Existing Retirement Income Plans

Product Types

Beneficiary Drawdown
Capped Drawdown
Fixed Term Annuity
Flexi-access Drawdown
Investment-linked annuity
Phased Capped Drawdown
Phased Flexi-access Drawdown
Retirement Trust Scheme

Steps / Topics

Plan Summary
* Current Investment Strategy
Benefits & Features

Charges

Recommended Action
* Retain and maintain withdrawals
* Take revised withdrawals
* Transfer
* Purchase annuity
* Fund switch
* Portfolio switch
* Rebalance
* Unit class conversion
* Cash-in
* Convert to flexi-access drawdown
Recommended Future Withdrawals
Disadvantages & Tax Implications
Replacement Business
* Charges Comparison
* Reduction In Yield Comparison
* Performance Comparison
* Death Benefits

Review of Your Existing Protection Plans

Product Types

Accident, Sickness & Unemployment
Decreasing Term
Executive Income Protection
Family Income Benefit
Gift Inter Vivos
Income Protection
Key Person Term Assurance
Key Person Income Protection
Level Term
Partnership Protection Plan
Relevant Life Plan
Shareholder Protection Plan
Whole of Life

Steps / Topics

Plan Summary
Benefits & Features
Recommended Action
* Retain
* Cancel & replace

Recommendation Sections

New Investment Recommendation

Product Types

AIM Investment
Business Relief IHT Scheme
BR IHT Scheme ISA
Cash ISA
Collective Investment
Deposit Account
Direct Equity Investment
Discretionary Managed Portfolio
Endowment Plan
Enterprise Investment Scheme
Fixed Rate Bond
Friendly Society Regular Savings Plan
General Investment Account
Help to Buy ISA
Inheritance Tax ISA
Investment Trust
Junior ISA
Lifetime ISA
NS Income Bonds
NS Pensioner Bonds
NS Premium Bonds
NS Guaranteed Growth Bond
Offshore Investment Bond
Onshore Investment Bond
Purchase Life Annuity
Regular Savings Plan
Stocks & Shares ISA
Structured Investment Product
Trustee Investment Plan
Venture Capital Trust

Steps / Topics

Plan Summary
Why Product Type
Why Provider / Plan
Plan Charges
Trusts
* Discount Gift Trust
* Gift Trust
* Loan Trust
* Retained Interest Trust
* Probate Trust
Structured Product Plan Features
Disadvantages & Tax Implications
Other Solutions

New Pension Recommendation (Pension Accumulation)

Product Types

Executive Pension
Nest
Personal Pension
QROPS
Retirement Trust Scheme
Section 32 Buy Out
SIPP
SSAS
Stakeholder Pension
MasterTrust Pension (AE option)
Group Stakeholder Pension (AE option)
Group Personal Pension (AE option)

Steps / Topics

Plan Summary (carry forward option)
Why Product Type
Why Provider / Plan
Plan Charges
Plan Features
Auto Enrolment (when relevant)
Disadvantages & Tax Implications
Other Solutions

Drawing Benefits From Your Pension Fund (Pension Decumulation)

Product Types

Beneficiary Drawdown
Capped Drawdown
Enhanced Annuity
Fixed Term Annuity
Flexi-access Drawdown via a PPP
Flexi-access Drawdown via a SIPP
Guaranteed Drawdown
Guaranteed Lifetime Annuity
Investment-linked Annuity
Phased FAD via a PPP
Phased FAD via a SIPP
Retirement Trust Scheme
Uncrystallised Fund Pension Lump Sum

Steps / Topics

Plan Summary
Why Product Type
Why Provider / Plan
Plan Charges
Annuity Options & Benefits
Capped Drawdown Income Limits
Income Sustainability (Critical Yields)
Disadvantages & Tax Implications
Other Solutions

New Protection Recommendation

Product Types

Accident, Sickness & Unemployment
Decreasing Term
Executive Income Protection
Family Income Benefit
Gift Inter Vivos
Income Protection
Key Person Income Protection
Key Person Term Assurance
Level Term
Partnership Protection Plan
Relevant Life Plan
Shareholder Protection Plan
Whole of Life

Steps / Topics

Plan Summary
Why Product Type
Why Provider / Plan
Why Cover
Why Term
Plan Features
Trusts
Disadvantages

Mortgage Recommendation

Product Types

Recommend multiple mortgages
Optionally include details of existing mortgage

New mortgage
Remortgage
Mortgage Product Transfer
Further Advance
Second Charge Mortgage

Residential (main residence)
Residential (second home)
Consumer buy-to-let
Professional buy-to-let
Commercial
Self build

Repayment
Interest-only
Part and part

Capped Rate
Discount Rate
Fixed Rate
Flexible Rate
Offset Rate
Standard Rate
Tracker Rate
Variable Rate

Equity Release Recommendation

Lifetime Mortgage
Home Reversion Scheme

Long Term Care Recommendation

Immediate Care Annuity
Deferred Care Annuity

Other Sections

Introduction

Client Background
Client Objectives
Assets & Liabilities and IHT Position
Overview of Existing Provision
Basis of Advice
Financial Knowledge and Experience
Regulatory Dates

Investment Strategy

Attitude to Risk
Capacity for Loss
Recommended Investment Strategy(s)
* Model Portfolio
* DFM
* Portfolio of Funds

Risk Warnings

Auto-generated advice specific risk warnings

Important Information

Adviser Remuneration
Service Proposition and Reviews
Client Classification
Emergency Fund and Affordability
Non-disclosure
Supporting Information
Other Needs and Shortfalls
Next Steps

Optional Appendicies

Plan Comparison
DB Pension TVAS
Summary of Attitude to Risk Profiles
Product Information
* Client-specific tax information
Glossary of Terms
Technical Information

Other Optional Inclusions

Table of Contents
Executive Summary
Client Declaration

Auto-generated Covering Letter

Summary of Report and Client Types

The Genovo app caters for a variety of report and client types.

Report Types

Report Types

Suitability Report – New planning recommendations for existing and new clients.
Annual Review Report – Review an existing client’s investment portfolio as per your agreed service agreement.

Client Types

Client Types

Private Client
* Vulnerable client option
Corporate Client
* Limited company
* Partnership
* LLP
* Limited Partnership
* Charity
Trustee Client
* Bare trust
* Interest in possession trust
* Discretionary trust
* Accumulation & maintenance trust