Privacy Policy

Our Privacy Notice

This notice covers our requirement to provide you with information on how and why we use your personal data and your rights under the Data Protection Act.

Personal Information

This privacy notice tells you what to expect when Adcock Financial Limited collects personal information about you.

Personal Information denotes:

  • Information you provide when you contact us via our website
  • Information you provide when completing an application form, a fact find document, our cash flow forecast questionnaire or other questionnaires that may be required
  • Information that you provide us with through direct interaction such as over the phone, via email , via remote meetings or at face to face meetings
  • Any other information you provide us with

By providing us with information about yourself, you are considered to be a Data Subject.

The Data Protection Principals

As we are responsible for gathering and using your personal information, we have to follow strict rules called the data protection principles. As such, we must make sure that your information is:

  • Used fairly and lawfully in a transparent manner
  • Used for explicit and legitimate grounds only
  • Used in a way that is adequate, relevant and not excessive
  • Accurate and kept up to date
  • Kept for no longer than is absolutely necessary
  • Handled according to your rights
  • Kept safe and secure
  • Not transferred outside of the United Kingdom without adequate protection

Who Is Responsible For Your Personal Information

Adcock Financial Limited, as the Data Controller determines the purposes for which and the manner in which any personal data is, or is to be, processed.

Data Controllers must ensure that any processing of personal data for which they are responsible complies with the Act.

The person who is responsible for Data Protection at Adcock Financial Limited is Peter Adcock whose contact details are detailed below.

Why We Gather Personal Information About You

We provide a range of pension, investment, mortgage and financial protection products.  We process data provided by you (the Data Subject) and other sources in order to deliver the appropriate products and services to you when you engage us for any financial planning advice, mortgage advice and investment management services.

The reasons for processing your data is mainly to:

  • Provide you with financial advice – both initially and on an ongoing basis
  • Provide you with illustrations and quotations for pension, investment, mortgage and financial protection products
  • Arrange and / or administer your pension, investment, mortgage and financial protection plans and policies
  • Inform you about our products and services

We do not collect more information than we need to meet our obligations to you and will not retain it for longer than is necessary.

If we are arranging a financial protection policy for you for example, then some of the personal information we ask you to provide us with may be sensitive (special category data) such as details about your physical or mental health.  We are allowed by legislation to collect such information without your specific consent but it will only be used for the purposes we have set out above.

We will only ever use your personal information for the purpose of progressing your plans or policies, arranging and / or administering your plans and policies, or fulfilling our legal or regulatory requirements such as fraud prevention, help preventing financial crime and audit purposes.

If you provide us with information about another person, in doing so, you confirm that they have given you permission to provide it to us and that we may use their personal data in the same way as your own as set out in this Privacy Notice.

Legal Basis For Processing Your Personal Information

We are required to have a lawful basis in order to process your personal data and the relevant bases which apply:

Purpose of Processing   Lawful Basis
Providing illustrations, quotations, arranging and administering plans and policies Necessary for the performance of a contract
To notify you of changes to our service Our legal and regulatory obligations
To prevent and detect fraud, money laundering and other financial crimes Our legal and regulatory obligations
To meet general legal or regulatory obligations Our legal and regulatory obligations
Provision of information on products and services (Marketing) Our legitimate interests or your explicit consent

 

Who Do We Share Your Details With and Why

To meet our regulatory obligations and our obligations to you, we may therefore need to share your personal information with:

Product Providers including:

  • Life insurance companies
  • Investment and pension providers
  • Mortgage lenders

Regulatory authorities including:

  • Financial Conduct Authority
  • Financial Ombudsman
  • HMRC
  • Information Commissioners Office
  • Financial Services Compensation Scheme

Law enforcement authorities including:

  • National Crime Agency
  • Police
  • Action Fraud
  • Office of Financial Sanctions

Our service providers including:

  • External auditors / compliance support providers
  • IT support providers
  • Financial services products and services research providers
  • Anti money laundering service providers
  • Professional Indemnity Insurance provider
  • Back office support provider
  • Website provider

We will not share your information with outside companies for marketing purposes.

Data Retention

During our relationship with you we will retain personal data which is necessary to provide services to you. We shall take all reasonable steps to keep your personal data up to date throughout our relationship.

We are also subject to regulatory requirements to retain your data for specified minimum periods. These are, generally:

  • Five years for investment business
  • Indefinitely for pension transfers and opt-out business
  • Three years for financial protection business
  • Three years for mortgage business

These are minimum periods, during which we have a legal obligation to retain your records. We reserve the right to retain data for longer where we believe it is in our legitimate interests to do so but will not retain your information for longer than 6 years past the time of your death.

You have the right to request deletion of your personal data. We will comply with this request, subject to the restrictions of our regulatory obligations and legitimate interests as noted above.

Marketing

If you are an existing customer, we may contact you by email, text, telephone, mail or by other agreed means to keep you up to date about or products or services and to provide you with newsletters.  In other circumstances, we can only do so with your explicit consent.

In either case, you are able to opt out of receiving such communications at any time by making contact as detailed below.

Security

We are committed to protecting the security and privacy of all personal information which we obtain and hold about you.

We employ appropriate technical security measures to protect your personal information and ensure that it is not accessed by unauthorised persons.  Information is stored on secure computers, and information is encrypted wherever possible.

We use a third party service provider to help maintain the security and performance of our website. To deliver this service it processes the IP addresses of visitors to our website.

If You Send Us An Email

Any email you send to us, including any attachments, may be monitored and used by us for reasons of security and for monitoring compliance with office policy.  Email monitoring or blocking software may also be used.  Please be aware that you have a responsibility to ensure that any email you send to us is within the bounds of the law.

If You Make A Complaint to Us

If we receive a complaint, we make up a file containing the details of the complaint.  The file is likely to contain the identity of the complainant and any other individuals involved in the complaint.

We will only use the personal information we collect to investigate and process the complaint.

We usually have to disclose the complainant’s identity to whomever the complaint is about.  This is inevitable where, for example, the accuracy of a person’s record is in dispute.

We also usually have to disclose details of the complaint to our professional Indemnity Insurance Broker and Insurer.

We may also be required to provide a copy of the file to the Financial Ombudsman Service should an adjudicator be required to consider the complaint.

We are required to disclose high-level analytics to the Financial Conduct Authority (FCA) concerning the number and nature of any complaints we receive.  This data does not include names or details that identify the specific data subject.

We will keep personal information contained in complaint files in line with our retention policy.  This means that information relating to a complaint will be retained for 3 years from closure.  It will be retained in a secure environment and access to it will be restricted according to the ‘need to know’ principle.

Use of Data Processors

Data processors are third parties who provide elements of our service for us.  We have contracts in place with our data processors.  This means that they cannot do anything with your personal information unless we have instructed them to do it.  They will not share your personal information with any organisation apart from us.  They will hold it securely and retain it for the period we instruct.

Your Rights

You have rights as an individual which you can exercise in relation to the information we hold about you.

Please ask us for an explanation of each should you wish to have more information:

  • The right to be informed
  • The right of access
  • The right to rectification
  • The right to erasure
  • The right to restrict processing
  • The right to portability
  • The right to object
  • Rights to automated decision and profiling

Your Right To Access

You have the right to access any information we hold about you, and the right to know why that data is being processed, how long it’s stored for, and who has had or has access to it.

You will not be charged for us supplying you with this information however we do reserve the right to apply a reasonable fee where requests are deemed excessive.

We will respond to any such request within the maximum time frame allowed of one month.

Automated Decision Making and Profiling

If you use our cash flow forecast service, your personal information will be gathered through the information you enter onto the system.  If you are unsure about the outcome of this automated process you are welcome to contact us to discuss or challenge the outcome.

We regularly check our systems for accuracy and bias and feed any changes back into the design process.

Our Use of Cookies on Our Website

Cookies are small text files that are placed on your computer by websites that you visit.  They are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the website.

We use cookies for statistical and functionality purposes only, we track how many individual unique users we receive and the frequency they visit our website.

The information that we collect from cookies is anonymous and does not identify people or collect personal data about website visits.

We don’t sell the information collected by cookies, nor do we disclose the information to third parties, except to our associated companies and where required by law (for example to government bodies and law enforcement agencies).

Please refer to our Cookie Policy on our website for full details of what cookies we use and why.

You can set your internet browser not to accept cookies and you can visit http://www.allaboutcookies.org to help remove cookies from your browser.  Please be aware that this may prevent some of our website features functioning properly.

How To Contact Us

For further information on how your information is used, how we maintain the security of your information and your rights to access the information we hold on you or if you would like to make a complaint, you can write to us, email us, or call us as follows:

Peter Adcock
Adcock Financial Limited
10 Milton Cout
Ravenshead
Nottingham
NG15 9BD

Tel: 01623 490120

Email: peter@adcockfinancial.co.uk

If You Have A Complaint

If you have any concerns about your rights and our practices in relation to data protection, please contact us directly using the details provided above.  We will aim to respond to your concerns and clarify how we have processed your information and with whom.  We will also endeavour to put right anything that’s gone wrong.

If you are still dissatisfied after contacting us, you may report your concern to the Information Commissioner’s Office by contacting them as follows:

Information Commissioner’s Office
Wycliffe House
Water Lane
Wilmslow
Cheshire
SK9 5AF

Tel: 0303 123 1113

Website: www.ico.org.uk

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