Held About You
So that we can advise you properly, we need to obtain information
from you about your financial and personal circumstances,
this enables us to assess your suitability for particular
products and services.
Independent Options subscribe to and adhere to the principles
and requirements of the Data Protection Act and have registered
with the data commissioner and our entry can be found on the
As you may be aware, the UK is one of the most highly regulated
financial centres in the world. This is to safeguard the interests
of consumers and other persons purchasing and being advised
about investments, insurance and other financial products
and in use of their personal data. Against this backdrop,
we are required to make certain regulatory and statutory declarations
If instructed by you, we collect data during our initial and
other meetings with you about you and your family. We will
also be collecting data about you and your family from other
persons. We collect the data through note-taking and filling
in of questionnaires about you and your family’s circumstances.
We may make checks with credit rating agencies to authenticate
and verify your identity and credit status. We also make checks
with Institutions with whom you have policies of insurance
and investments and with your mortgage provider. These checks
are to help us with our obligations at law and generally to
ensure that we provide you with advice that suits your circumstances.
The scope and extent of the gathering of information from
third parties depends on what type of service you are taking
How is your information used?
Primarily, we use your data and data about your family’s
circumstances to provide advice to you and complete transactions
on your behalf. We analyse and assess your data to maintain
and develop our relationships with you.
Depending on the instructions we receive from you, we may
pass your data to other professional advisers to enable us
to provide advice most suited to your circumstances. Usually,
this would be referrals to local accountants, solicitors,
tax advisers and sometimes to specialist advisers in the financial
and insurance industry where we do not feel we have appropriate
expertise. We, and any third party specialist advisers to
whom we introduce you, will, of course, pass your data to
Institutions if you agree to purchase or amend policies and
products as part of the sales and advice process.
Your data is held in our offices in computer-based and paper-based
We may introduce you to Institutions who process your information
in countries that are outside the European Economic Area,
which may not offer the same level of protection for your
Your right to a copy of your personal data
Under the Data Protection Act you have a right, upon payment
of a fee, currently £10, to obtain a copy of the personal
information that we hold about you. If you believe that any
information held is incorrect or incomplete, you should contact
us at our usual address. Any information that is found to
be incorrect or incomplete will be amended promptly.
Thank you for your time and I confirm that we are at all
times committed to making sure that, as you are a customer
of an Independent Options, you receive the best service and
products available in the marketplace.
Please contact our team of friendly professionals
on 01903 527000 or
please use our contact
form for further advice.