Tempo Structured Products
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Tempo Structured Products
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  • Redefining structured products …

    We aim to bring something different to the UK retail structured products sector, redefining structured products for professional advisers and their clients.

  • Doing the right things - and doing simple well …

    Our business is founded upon a commitment to ‘doing the right things - and doing simple well’, presenting a provider and an approach to structured products that professional advisers can be genuinely confident in.

  • Our approach …

    Our products are presented with transparency and integrity, underpinned by operational strength, robust governance and exceptional support and exemplary service for professional advisers.

  • The basic purpose of a good investment company

    We specialise in 'deliberately defensive' structured products that are designed to increase the likelihood of positive returns, while also decreasing the likelihood of loss of capital.

  • Deliberately Defensive …

    Our core products are all designed so that they can generate some or all of their potential returns without requiring the stock market to rise, with protection from a defined level of risk should the stock market fall.

  • Astute Alpha ...

    While our core products are defensive, we recognise that structured products can also focus on delivering ‘astute alpha’ in ways that passive funds don’t and active funds can’t.

  • Professional Adviser Academy ...

    If you want to know more about structured products, our Academy covers the bases, from why they exist, to how they work and how to use them – accredited for CPD by CISI.

  • Plain English …

    We are proud to be members of Plain English Campaign, using simple language and providing clear explanations that everyone can understand. Sounds simple ... but it’s an industry first!

  • DISTRIBUTOR DUE DILIGENCE QUESTIONNAIRE: INDIVIDUAL ADVISER LEVEL
  • Our Responsibilities

  • Under the FCA's Product Governance Sourcebook (PROD) we are required to "take reasonable steps to ensure that the financial instrument (i.e. our product) is distributed to the identified target market" (PROD 3.2(3)).

    We therefore ask Professional Adviser firms to complete a Distribution Due Diligence Questionnaire (DDDQ). Where a firm has not completed our DDDQ, we require individual Professional Advisers to complete the Individual Adviser Level DDDQ, pending the Firm Level DDDQ being completed.

    Depending on the answers that you provide, we may need to discuss any relevant circumstances with you and / or your firm.
  • Under the FCA’s Product Governance Sourcebook (PROD) we are required to “take reasonable steps to ensure that the financial instrument (i.e. our products) is distributed to the identified target market” (PROD 3.2 (3)).

    We also “should have in place systems and controls to manage adequately the risks posed by financial instrument design” (PROD 3.2.5) and should ensure “the selection of appropriate distribution channels and the promotion of the financial instruments are accompanied by sufficient and correct information” (PROD 3.2.2).

    We meet these responsibilities through a number of measures, including:
    • Restricting distribution to UK based FCA authorised Professional Advisers permitted to undertake regulated activities;
    • Taking reasonable steps to confirm that the Professional Advisers using our products do not present any distribution risks that we can identify / seeking to identify any Professional Advisers who may present potential distribution risks;
    • Taking reasonable steps to confirm that Professional Advisers using our products have a business model and approach to client advice and use of structured products that is consistent with our identified target market;
    • Taking reasonable steps to confirm that the Professional Advisers using our products have sufficient knowledge and / or experience to distribute structured products;
    • Aiming to provide all relevant information to the Professional Advisers using our products and requiring them to distribute our products in accordance with that information (including mutual obligations outlined in our Professional Adviser Terms of Business);
    • Documenting evidence to support the above; and
    • Analysing management information on the distribution of our products, to identify if they are being distributed in accordance with the identified target markets.
    We undertake a number of checks.

    We check firms' addresses to ensure they are UK based.

    We check firms' entries in the FCA Register (and potentially other sources), identifying if there is evidence of any criticisms, censures, disciplinary actions, fines or similar. If so, we may need to discuss the circumstances of these with your firm.
  • Distributor Due Diligence Questionnaire Section 1
  • Please provide the following details about yourself and your firm.

  • 1. Please provide your name, job title and contact details:
  • 1.4 Please provide your full office address:
  • 1.8 Please provide the details of your firm's compliance officer:
  • Distributor Due Diligence Questionnaire Section 2
  • We would like to ask you about your business model, client base and approach when using structured products.

  • Our products are designed for investors who take advice from an authorised and regulated investment firm, who assess suitability, or self-directed investors investing through an authorised and regulated investment firm, who assess appropriateness.

    Our products are designed to be used as part of diversified and balanced portfolios. In October 2009, in its analysis of the quality of investment advice in relation to structured products, the FSA provided 'good practice' guidances regarding the percentage (25% total exposure to structured products and 10% to any single counterparty) of a diversified portfolio, above which use of structured products should be more carefully considered.

    We therefore need to ask some questions regarding Professional Advisers' business models, client bases, typical clients and approach to typical client portfolios.
  • 2.1. What percentage of your business is:
  • Distributor Due Diligence Questionnaire Section 3
  • We would like to ask you about your level of understanding of structured products.

  • Professional Advisers have a regulatory responsibility to meet product governance responsibilities under PROD (particularly PROD 3.3.1), which states that they must:
    • Understand the products they distribute to their clients;
    • Assess the compatibility of products with the needs of the clients to whom they distribute investment services, taking into account our identified target market of end clients; and
    • Ensure that products are distributed only when this is in the best interests of clients.
    We rely on Professional Advisers discharging their responsibilities to ensure that any distribution of our products is to our identified target markets.

    We aim to distribute our products through Professional Advisers who have sufficient general understanding of structured products to meet this responsibility and to provide training to those Professional Advisers that require it.
  • Distributor Due Diligence Questionnaire Section 4
  • We would like to ask you about your investment views

  • All of our structured products are designed with deep end of term barriers (set at 60% of the start level). If the barriers are breached, this will result in an investor losing capital. All of our structured products are designed so that they can generate some or all of their potential returns without requiring the stockmarket to rise. We therefore want to ask some basic questions regarding Professional Advisers' investment views, to check that they are not inconsistent with the risks and features of our products.
  • 12345678910
    The FTSE 100 will be above 60% of its current level in 10 years time?
    The FTSE 100 will be above its current level in 10 year's time?
  • Distributor Due Diligence Questionnaire Section 5
  • We need to ask you some questions about your complaints history.

  • In order to get a feel for Professional Advisers' reputations and track records, we would like to ask you the following simple questions.
  • Distributor Due Diligence Questionnaire Section 6
  • Our Terms of Business

  • When our Plan Administrator receives an application from you for an investment into our structured products on behalf of your client(s), you will be deemed to have accepted our Terms of Business.

    Our Terms of Business include various warranties by you and place obligations on you which we rely on, as part of our distributor due diligence.

    To view our Terms of Business, click here.
  • Distributor Due Diligence Questionnaire Section 7
  • Details required by our Plan Administrator to facilitate the payment of adviser fees.

  • Our Plan Administrator, James Brearley & Sons Limited, can facilitate the payment of adviser fees, agreed between your firm and your clients. In order to do this, they require your firm's bank details. To ensure that they record the bank details correctly, and to protect you from fraud, they require either:
    • Confirmation that account details that they may already hold for your firm (if you already have a relationship with James Brearley) can be used.
    • A voided cheque, certified for your firm's bank account.
  • Distributor Due Diligence Questionnaire Section 8
  • Details required by our Plan Administrator to operate your online client accounts

  • Thank you for completing this questionnaire...

  • A member of our business development team will be in touch shortly. Do please contact us directly if you require any assistance immediately.
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  • Tempo Structured Products
  • 338 Euston Road
    London NW1 3BG
  • +44 (0)20 7391 4747
    info@tempo-sp.com
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Like us? Connect with us ...   Tempo Structured Products on Twitter Tempo Structured Products on LinkedIn Tempo Structured Products is a trading name of ARC SP LLP, registered in England under number OC400846. Tempo Structured Products is an appointed representative of TIME Investments, which is a trading name of Alpha Real Property Investment Advisers LLP. Alpha Real Property Investment Advisers is authorised and regulated by the Financial Conduct Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS (FCA Nos. 534723). Tempo Structured Products and TIME Investments are subsidiaries of Alpha Real Capital LLP, which is authorised and regulated by the Financial Conduct Authority (FCA Nos. 436048).