Data Privacy Notice
We take your privacy very seriously and we ask that you read this privacy notice carefully as it contains important information on who we are, how and why we collect, store, use and share personal data, your rights in relation to your personal data and on how to contact us and supervisory authorities in the event you have a complaint.
Who we are
Wealthwide collects, uses and is responsible for certain personal data about you. When we do so we are required to comply with data protection regulation and we are responsible as a data controller of that personal data for the purposes of those laws. When we mention "Wealthwide", "we", "us" or "our" we are referring to Wealthwide.
Wealthwide is a company registered in England and Wales (company number 6127617) whose registered office is at 3 Greenfield Crescent, Edgbaston, Birmingham, B15 3BE. Wealthwide is authorised and regulated by the Financial Conduct Authority. Wealthwide’s Financial Services Register number is 468119.
We provide you with an independent financial advice service and the option of an ongoing financial planning service.
The personal data we collect and use
In the course of providing our service to you we may collect the following personal data when you provide it to us:
Full name and personal details including contact details, your home address and address history, your telephone number and email address
Identity information such as your Date of Birth, passport and/or driving licence detail or a utility bill to confirm your address
Financial information such as your employment status, income, company accounts, loans, credit cards and mortgages
Your monthly expenditure
Family, lifestyle or social circumstances
Health information
Data about criminal convictions or offences
Details of any vulnerability
Details of your dependents and/or beneficiaries under a policy (If you are providing information about another person we expect you to ensure that they know you are doing so and are content with their information being provided to us. You might find it helpful to show them this privacy notice and if they have any concerns please contact us in one of the ways described below).
Details of any plans you have including protection plans, pensions and investments
Information collected from other sources
We also obtain personal data from other sources in the course of providing our intermediary services. Where we obtain this information from another party it is their responsibility to make sure they explain that they will be sharing personal data with us and, where necessary, ask permission before sharing information with us.
The personal data we obtain from other sources may include the following:
Product details from your providers
Copies of your accounts or other financial information from your accountant
Identity and sanction check information from identification and verification checking agencies
How we use your personal data
to provide you with intermediary services
Lawful Basis for Processing - Performance of a contract, Legitimate Interest, Compliance with a legal obligation, Consent
Third party recipients linked to that activity - Lenders / Product Providers / Accountants / Schemes to which you are a member of
to quote and apply for financial service products including life, critical illness, income protection, pension and investment products
Lawful Basis for Processing - Performance of a contract, Legitimate Interest, Compliance with a legal obligation, Consent
Third party recipients linked to that activity - Lenders / Product Providers / Accountants / Schemes to which you are a member of
to retain records of any services or advice provided to you by us in order to defend potential legal claims or complaints
Lawful Basis for Processing - Legitimate Interest
Third party recipients linked to that activity - External suppliers of data storage and data hosting services to retain records on our behalf
to provide you with details of products and services from us and third parties that may be of interest to you in accordance with your preferences. For more information see ‘Marketing’ below
Lawful Basis for Processing - Consent
Third party recipients linked to that activity - Lenders / Product Providers / Accountants / Schemes to which you are a member of
to process identity verification and fraud prevention checks
Lawful Basis for Processing - Legitimate Interest
Third party recipients linked to that activity - Fraud Prevention Agencies
to carry out compliance checks relating to our advice
Lawful Basis for Processing - Legitimate Interest
Third party recipients linked to that activity - Third party Compliance Provider
Special category data
Certain types of personal data are considered more sensitive and so are subject to additional levels of protection under data protection legislation. These are known as ‘special categories of data’ and include data concerning your health, racial or ethnic origin, genetic data and sexual orientation. Data relating to criminal convictions or offences is also subject to additional levels of protection.
We may process:
health information and lifestyle information when providing intermediary services in relation to a protection insurance product; and/or
criminal conviction or offence information when providing intermediary services in relation to a general insurance product
Criminal offence data when conducting activities around the prevention, detection and investigating of financial crime
In addition to the lawful basis for processing this information set out in the above table, we will be processing it either (i) for the purpose of advising on, arranging or administering an insurance contract or (ii) for the establishment, exercise or defence of legal claims.
In the course of our activities relating to the prevention, detection and investigation of financial crime, we may process criminal conviction or offence information. Where we do so, in addition to the lawful basis for processing this information set out in the above table, we will be processing it for the purpose of compliance with regulatory requirements relating to unlawful acts and dishonesty.
Marketing
We may use personal data we hold about you to help us identify, tailor and provide you with details of products and services from us that may be of interest to you. We will only do so where we have obtained your consent and have a legitimate business reason to do this and will do so in accordance with any marketing preferences you have provided to us.
In addition, where you provided your consent, we may provide you with details of products and services of third parties where they may be of interest to you.
You can opt out of receiving marketing at any time. If you wish to amend your marketing preferences, please contact us:
By phone: 0121 685 5060
By email: privacy@wealthwide.co.uk
By Post: Data Protection Officer, Wealthwide, 3 Greenfield Crescent, Edgbaston, Birmingham, B15 3BE
In addition, you can opt out of receiving marketing at any time by clicking the 'unsubscribe' link at the bottom of every marketing email.
Whether information has to be provided by you, and if so why
We will tell you if providing some personal data is optional, including if we ask for your consent to process it. In all other cases you must provide your personal data in order for us to provide you with intermediary services.
How long your personal data will be kept
We are obliged to hold your personal data indefinitely or until such a time as you ask us to remove it. We would then advise you which data we are able to remove and which data we will need to keep for regulation purposes.
Transfer of your information out of the EEA
We use Infusionsoft as our Customer Relationship Management system which means some of your personal data will be transferred to The United States of America. As this is located outside of the European Economic Area, such countries do not have the same data protection laws as the United Kingdom and EEA. The EU-US Privacy Shield is in place and is a binding legal instrument under European law which can be used as a legal basis for transferring personal data to the US. On 12 July 2016 the European Commission issued its formal adequacy decision on the Privacy Shield, after consulting and considering recommendations from the Article 29 group of EU data protection authorities (which includes the ICO).
We may use other suppliers where your information may be transferred to countries outside of the EU but adequate protections of personal data will be in place.
You have a right to ask us for more information about the safeguards we have put in place as mentioned above. To learn more, please see ‘Your rights’ below.
Your rights
You have legal rights under data protection regulation in relation to your personal data. These are set out under the below headings:
To access personal data
To correct / erase personal data
To restrict how we use personal data
To object to how we use personal data
To ask us to transfer personal data to another organisation
To object to automated decisions
To understand how we protect information transferred outside Europe
To find out more about how we use personal data
We may ask you for proof of identity when making a request to exercise any of these rights. We do this to ensure we only disclose information or change your details where we know we are dealing with the right individual.
We will not ask for a fee, unless we think your request is unfounded, repetitive or excessive. Where a fee is necessary, we will inform you before proceeding with your request.
We aim to respond to all valid requests within one month. It may however take us longer if the request is particularly complicated or you have made several requests. We will always let you know if we think a response will take longer than one month. To speed up our response, we may ask you to provide more detail about what you want to receive or are concerned about.
We may not always be able to fully address your request, for example if it would impact the duty of confidentiality we owe to others, or if we are otherwise legally entitled to deal with the request in a different way.
To access personal data
You can ask us to confirm whether or not we have and are using your personal data. You can also ask to get a copy of your personal data from us and for information on how we process it.
To rectify / erase personal data
You can ask that we rectify any information about you which is incorrect. We will be happy to rectify such information but would need to verify the accuracy of the information first.
You can ask that we erase your personal data if you think we no longer need to use it for the purpose we collected it from you.
You can also ask that we erase your personal data if you have either withdrawn your consent to us using your information (if we originally asked for your consent to use your information) or exercised your right to object to further legitimate use of your information, or where we have used it unlawfully or where we are subject to a legal obligation to erase your personal data.
We may not always be able to comply with your request, for example where we need to keep using your personal data in order to comply with our legal obligation or where we need to use your personal data to establish, exercise or defend legal claims.
To restrict our use of personal data
You can ask that we restrict our use of your personal data in certain circumstances, for example
where you think the information is inaccurate and we need to verify it;
where our use of your personal data is not lawful but you do not want us to erase it;
where the information is no longer required for the purposes for which it was collected but we need it to establish, exercise or defend legal claims; or
where you have objected to our use of your personal data but we still need to verify if we have overriding grounds to use it.
We can continue to use your personal data following a request for restriction where we have your consent to use it; or we need to use it to establish, exercise or defend legal claims, or we need to use it to protect the rights of another individual or a company.
To object to use of personal data
You can object to any use of your personal data which we have justified on the basis of our legitimate interest, if you believe your fundamental rights and freedoms to data protection outweigh our legitimate interest in using the information. If you raise an objection, we may continue to use the personal data if we can demonstrate that we have compelling legitimate interests to use the information.
To request a transfer of personal data
You can ask us to provide your personal data to you in a structured, commonly used, machine-readable format, or you can ask to have it transferred directly to another data controller (e.g. another company).
You may only exercise this right where we use your personal data in order to perform a contract with you, or where we asked for your consent to use your personal data. This right does not apply to any personal data which we hold or process outside automated means.
To contest decisions based on automatic decision making
If we made a decision about you based solely by automated means (i.e. with no human intervention), and the decision made by us produces a legal effect concerning you, or significantly affects you, you may have the right to contest that decision, express your point of view and ask for a human review. These rights do not apply where we are authorised by law to make such decisions and have adopted suitable safeguards in our decision-making processes to protect your rights and freedoms.
To obtain a copy of our safety measures for transfers outside of Europe
You can ask for a copy of, or reference to, the safeguards we have put in place when your personal data is transferred outside of the European Economic Area. We are not required to share details of these safeguards where sharing such details would affect our commercial position or create a security risk.
You can contact us for more information
If you are not satisfied with the level of information provided in this privacy notice, you can ask us about what personal data we have about you, what we use your information for, who we disclose your information to, whether we transfer it abroad, how we protect it, how long we keep it for, what rights you have, how you can make a complaint, where we got your data from and whether we have carried out any automated decision making using your personal data.
If you would like to exercise any of the above rights, please:
email or write to our Data Protection Officer at privacy@wealthwide.co.uk or Wealthwide, 3 Greenfield Crescent, Edgbaston, Birmingham, B15 3BE;
let us have enough information to identify you, e.g. name, address, date of birth;
let us have proof of your identity and address (a copy of your driving licence or passport and a recent utility or credit card bill); and
let us know the information to which your request relates.
Keeping your personal data secure
We have appropriate security measures in place to prevent personal data from being accidentally lost or used or accessed in an unauthorised way. We limit access to your personal data to those who have a genuine business need to know it. Those processing your information will do so only in an authorised manner and are subject to a duty of confidentiality.
We also have procedures in place to deal with any suspected data security breach. We will notify you and any applicable regulator of a suspected data security breach where we are legally required to do so.
Our supervisory authority
If you are not happy with the way we are handling your information, you have a right to lodge a complaint with the Information Commissioners Office. It has enforcement powers and can investigate compliance with data protection regulation (www.ico.org.uk). We ask that you please attempt to resolve any issues with us before the ICO.