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, which are designed to increase the likelihood of positive returns, while also decreasing the likelihood of loss of capital.

  • Deliberately Defensive …

    Our core products are 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!

  • DISTRIBUTION GOVERNANCE - MUTUAL ANNUAL REPORTING ('DG-MAR')
  • ROBUST GOVERNANCE

  • We aim to ensure that robust governance underpins all that we do. To our minds, good governance is more than just a regulatory requirement: instead, we believe that it is a core value and client-centric best practice ... and we think many professional advisers share this view and want to be confident of robust governance in the firms that they deal with.
  • As part of our distribution governance processes, as a condition of our Terms of Business ('ToB') with professional adviser firms, and to meet the FCA's Product Intervention and Product Governance Sourcebook ('PROD') requirement to "take reasonable steps to ensure that the financial instrument [i.e. our plans] is distributed to the identified target market" (PROD 3.2.1(3)), we ask professional adviser firms to complete a Distribution Governance - Distributor Due Diligence Questionnaire ('DG-DDDQ'), when they start using our plans.

    In addition, and also under PROD, we are required to "regularly review our products" (PROD 3.2.19), and in doing so we should "collect ... information to detect patterns in distribution" (PROD 3.2.20).

    Therefore, as part of our ongoing distribution governance, we also ask all professional adviser firms who have used our plans to complete our Distribution Governance - Mutual Annual Reporting ('DG-MAR'). This facilitates us reporting to professional adviser firms, and professional adviser firms reporting to us, regarding ongoing product monitoring and target market / distributor governance, fulfilling our mutual obligations under PROD and our ToB.

    As per our ToB with professional adviser firms, "You agree, on request from the Company, to use all reasonable endeavours to send the Company (except where to do so would result in the breach of any applicable law or regulation) information which the Company may require". Please only provide answers to the questions which do not result in the breach of any applicable law or regulation.
  • Under PROD 3.2.19, "we must regularly review" our products, taking into account any event which could materially affect the potential risk to our identified target market, to assess whether:

    (a) they remain consistent with the needs, characteristics and objectives of the identified target market;
    (b) our distribution strategy remains appropriate;
    (c) they are being distributed to the target market; and
    (d) they are reaching clients for whose needs, characteristics and objectives they are not compatible.

    PROD 3.2.24 also stipulates that "When a crucial event affecting the potential risk or return expectation of the financial instrument occurs, a manufacturer must take appropriate action, which may consist of the provision of any relevant information on the event and its consequences on the financial instrument to the clients or distributors of the financial instrument if the manufacturer does not offer or sell the financial instrument directly to the clients".

    PROD 3.2.20 requires that we "Should collect and analyse appropriate management information to detect patterns in distribution as compared with the planned target market in order to assess the performance of the distribution channels through which a financial instrument is being distributed".

    Under PROD 3.2.30, you are therefore required to provide us with relevant information and, under our ToB with you, you have agreed to use reasonable endeavours to provide us with this information.
  • SECTION 1: DISTRIBUTION GOVERNANCE - MUTUAL ANNUAL REPORTING:
  • PLEASE PROVIDE THE FOLLOWING DETAILS ABOUT YOURSELF AND YOUR FIRM.

  • 1.1 Please provide your name, job title and contact details:
  • SECTION 2: DISTRIBUTION GOVERNANCE - MUTUAL ANNUAL REPORTING:
  • TO HELP BOTH OF US MEET OUR OBLIGATIONS UNDER PROD, AND FOR US TO MEET OUR OBLIGATIONS UNDER OUR ToB, WE CONFIRM TO YOU:

  • 2.1 We have regularly reviewed our plans and a summary of the outcomes is available to Professional Advisers who have used our plans with their clients.
  • 2.2 In summary, over the period of review for 2020 (and including the period since the launch of our product suite in June 2018, as this is the first time we have produced and provided DG-MAR):
  • (a) we identified that the dramatic events of Q1 2020 had a material impact on the prevailing risk / return profiles of certain plans, at that time;
    (b) we did not identify any plans which were performing differently to their known features and expected outcomes, in respect of market risk; specific index risk; issuer / counterparty risk; or operational risk;
    (c) we did not identify any plans which had become inconsistent with the needs, characteristics and objectives of our identified target markets;
    (d) we did not identify any need for professional advisers (or end clients) to take any specific action in addition to their regular and ongoing review of the suitability of portfolios for individual client circumstances; and
    (e) we are not aware of any breach by us of our ToB with you.
  • CLICK HERE To see our 31 Dec 2020 DG-MAR review

    CLICK HERE To see our FTSE 100 FDEW introduction and overview

    CLICK HERE To see our FTSE 100 FDEW introduction and overview video webinar

    CLICK HERE To see Alpha's financial reports and accounts

    CLICK HERE To see our Product Governance Overview
  • SECTION 3: DISTRIBUTION GOVERNANCE - MUTUAL ANNUAL REPORTING:
  • TO HELP BOTH OF US MEET OUR OBLIGATIONS UNDER PROD, WE WOULD LIKE TO ASK YOU TO CONFIRM THE FOLLOWING:

  • SECTION 4: DISTRIBUTION GOVERNANCE - MUTUAL ANNUAL REPORTING:
  • UNDER OUR TERMS OF BUSINESS, WE WOULD LIKE TO ASK YOU TO CONFIRM THE FOLLOWING TO US:

  • THANK YOU AND FOLLOW UP ...

  • Thank you for completing our Distribution Governance - Mutual Annual Reporting ('DG-MAR'). A member of our business development team will be in touch if we require any further information based on the responses you have provided. Do please contact us directly if you require any assistance immediately.
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  • Tempo Structured Products
  • 338 Euston Road
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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, 12 Endeavour Square, London E20 1JN (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).