Farrell Financial Services is committed to protecting and respecting your privacy. We wish to be transparent on how we process your data and show you that we are accountable with the GDPR in relation to not only processing your data but ensuring you understand your rights as a client.
It is the intention of this privacy statement to explain to you the information practices of Farrell Financial Services in relation to the information we collect about you.
For the purposes of the GDPR the data controller is:
Please read this Statement carefully as this sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us.
We are a Financial Services Broker who offer advice on financial services such as life insurance, serious illness, income protection, pensions, savings and mortgages.
Our GDPR Owner and data protection representative can be contacted directly here:
In order for us to provide you with financial advice Farrell Financial Services need to collect personal data for our reason (lawful reason) for processing your data under the GDPR is:
In any event Farrell Financial Services are committed to ensuring that the information we collect and use is appropriate for this purpose, and does not constitute an invasion of your privacy.
Farrell Financial Services will process (collect, store and use) the information you provide in a manner compatible with the EU’s General Data Protection Regulation (GDPR). We will endeavour to keep your information accurate and up to date, and not keep it for longer than is necessary.
If we collect any special categories of personal data (e.g. health, religious beliefs, racial, ethnic origin – financial information is not classified as special categories of personal data) – we will ensure the below
We may pass your personal data on to third-party service providers contracted to Farrell Financial Services in the course of dealing with you. Any third parties that we may share your data with are obliged to keep your details securely, and to use them only to fulfil the service they provide on your behalf. When they no longer need your data to fulfil this service, they will dispose of the details in line with Farrell Financial Services procedures.
If we wish to pass your sensitive personal data onto a third party we will only do so once we have obtained your explicit consent, unless we are legally required to do otherwise.
The third parties that we pass your personal data to are:
We have issued all our third party processors with a Data Processor checklist asking them GDPR specific questions
If we transfer personal data to a third party or outside the EU we as the data controller will ensure the recipient (processor or another controller) has provided the appropriate safeguards and on condition that enforceable data subject rights and effective legal remedies for you the data subject are available.
Farrell Financial Services facilitate you, our clients, rights in line with our data protection policy and the subject access request procedure. This is available on request.
All of the above requests will be forwarded on should there be a third party involved as we have indicated in the processing of your personal data.
Data will not be held for longer than is necessary for the purpose(s) for which they were obtained. Farrell Financial Services will process personal data in accordance with our retention schedule. This retention schedule has been governed by our regulatory body and our internal governance.
In the event that you wish to make a complaint about how your personal data is being processed by Farrell Financial Services or how your complaint has been handled, you have the right to lodge a complaint directly with the supervisory authority and Farrell Financial Services data protection representatives GDPR Owner.
If we are collecting your data for a contract X and you cannot provide this data the consequences of this could mean the contract cannot be completed or details are incorrect.
Profiling – automatic decision making
Financial and mortgage advisors using profiling in their business. The main categories are
To establish a clients attitude to investment risk (relates to pensions and investments) advisors have automated calculators which calculate the clients attitude to various levels of risk having answered a series of questions.
When we seek to contact you about other services, as outlined above * we run automated queries on our computerised data base to establish the suitability of proposed products or services to your needs.
If we intend to further process your personal data for a purpose other than for which the data was collected, we will provide this information prior to processing this data.
Your privacy is important to us. If you have any comments or questions regarding this statement, please contact us on 053 9138855 or firstname.lastname@example.org