Euro Wealth Financial Services Ltd Limited t/a Euro Wealth Financial Version 1 January 2018
Euro Wealth Financial Services Limited t/a Euro Wealth Financial is committed to protecting and respecting your privacy.It is the intention of this privacy statement to explain to you the information practices of Euro Wealth Financial Services Limited in relation to the information we collect about you and other users.
Under the EU’s General Data Protection Regulation (GDPR) personal data is defined as:
For the purposes of the General Data Protection Regulation (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.
Who are we?
Euro Wealth Financial Services Limited is a financial services company which provides financial advice to all our individual and corporate clients. We aim to ensure clients receive appropriate advice and financial guidance in many key areas including life assurance / income protection / investments / pensions etc. We also arrange life protection / pension and investment products on behalf of our clients. The products we recommend are offered by all the product providers – which are listed in full in our Terms of Business which we will provide to you on request – but BEFORE you elect to proceed with any recommendations we might make to you.
Data Protection Officer
Our Data Protection Officer / GDPR Owner and data protection representatives can be contacted directly here:
Purpose for processing your data
We may collect personal information such as your name, contact details, date of birth, gender, marital status, financial details, employment details and benefit coverage. We may also collect sensitive information about you such as health information in relation to your life or lives where you make a joint application for life assurance.
We may also collect information about your employment and your daily duties of employment where you apply for income protection cover. We may also collect information relating to previous pension plans – including information relating to former pensions linked with former employers.
When you provide information that enables us to respond to your request for products or services, you consent to our collection, use and disclosure of this information to appropriate third parties for the purposes described in this Statement.
We will never seek any information that is NOT relevant to us. The information collected is for the sole purpose of making suitable recommendations and securing sufficient information such that we can make applications (to the relevant providers) as required by them.
Why do Euro Wealth Financial Services Ltd need to collect and store personal data?
In order for us to provide you with appropriate financial advice and to have us make suitable financial recommendations we need to collect personal data for this purpose and the for the purpose of sharing with Third Parties if you make an application for a policy with the Third party providers. You should know that we 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.
In terms of being contacted for marketing purposes Euro Wealth Financial Services Limited would contact you for additional consent.
How will Euro Wealth Financial Services Ltd use the personal data it collects about me?
Euro Wealth Financial Services Limited 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 endeavor to keep your information accurate and up to date, and not keep it for longer than is necessary.
Euro Wealth Financial Services Limited is required to retain information in accordance with the law, such as information needed for income tax and audit purposes. How long certain kinds of personal data should be kept may also be governed by specific business-sector requirements and agreed practices. Personal data may be held in addition to these periods depending on individual business needs.
Under what circumstances will Euro Wealth Financial Services Limited contact me?
Our aim is not to be intrusive, and we undertake not to ask irrelevant or unnecessary questions. Moreover, the information you provide will be subject to rigorous measures and procedures to minimise the risk of unauthorised access or disclosure.
Why we are processing your data? Our legal basis.
Our reason and purpose for processing your personal data is:
We need to process your data to complete the performance of a contract where you, the data subject is a party . Euro Wealth Financial Services Limited processes data without consent in order to fulfil contractual obligations – such as securing your bank details to allow you make contributions to a plan – such that the product provider can supply the appropriate product / service etc.
Special Categories of personal data
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:-
Who are we sharing your data with?
We may pass your personal data on to third-party service providers with whom we hold agencies (i.e. see agencies listed as per our Terms of Business) with 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 Euro Wealth Financial Services Limited’s procedures. If we wish to pass your sensitive personal data onto a third party we will only do so once we have obtained your consent, unless we are legally required to do otherwise
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.
Euro Wealth Financial Services Limited technology requirements are provided by Lunar Technologies Ltd t/a Money Advice. We use this Company to back up our Data on Secure Servers and get up to date data feeds on all our Client Policies from all the leading Insurance Companies
Lunar Technologies are the leading providers of CRM software in the financial services software market in Ireland. They provide direct services to companies and have relationships with all the main insurers we deal with. Their security is approved by the insurers for the receipt of client data to enable brokers nationwide provide services to their clients.
Money Advice utilizes some of the most advanced technology for Internet security available today. The system uses a code-signing certificate to ensure you are accessing a registered and secure application. When you access this site using industry standard Secure Socket Layer (SSL) technology, your information is protected using both server authentication and data encryption, ensuring that your data is safe, secure, and available only to registered Users in our orgainisation
Money Advice does not use “cookies” to store other confidential user and session information, but instead implements more advanced security methods based on dynamic data and encoded session IDs.
In addition, Money Advice is hosted in a secure server environment that uses a firewall and other advanced technology to prevent interference or access from outside intruders.
We also use iCLOUD from Apple Inc. to further back up our files. iCloud is built with industry standard security technologies, employs strict policies to protect your information and is leading the Industry by adopting privacy-preserving like end to end encryption of your data. Please click on the attached link for more information https://support.apple.com/en-us/HT202303
Any data that is given to us or by you regarding your policy is processed only in ways compatible with the purposes for which it was given.
The nature of the internet is such that we cannot guarantee or warrant the security of any information you transmit to us via the internet.
No data transmission over the internet can be guaranteed to be 100% secure.However, we will take all reasonable steps (including appropriate technical and organizational measures) to protect your personal data Under GDPR (http://gdprandyou.ie/) regulation you also have a right to have your personal data corrected if inaccurate, or in certain circumstances erased.
Data Subjects Rights:
Euro Wealth Financial Services Limited facilitate the data subject’s rights in line with the Euro Wealth Financial Services Limited data protection policy and the subject access request procedure. This is available on request. Hence you are entitled to receive a full copy of all the data we hold for you – at zero cost.
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.
Retention of your personal data
Data will not be held for longer than is necessary for the purpose(s) for which they were obtained. Euro Wealth Financial Services Limited will process personal data in accordance with our retention schedule. This retention schedule has been governed by our regulatory body (The Central Bank of Ireland) and our internal governance.
In the event that you wish to make a complaint about how your personal data is being processed by Euro Wealth Financial Services Limited (or third parties as described above), or how your complaint has been handled, you have the right to lodge a complaint directly with the supervisory authority and Euro Wealth Financial Services Limited’s data protection representatives Data Protection Officer / GDPR Owner.
Profiling – automatic decision making
Life assurance providers will assess your application for cover via an underwriting system. This involves us entering your medical details via an automated online system. The system will collate the information provided and in many cases will conclude an underwriting decision – which reflects the information we provided. This is referred to as profiling. This method of underwriting allows the product provider to offer acceptance terms (for your life and income protection application) in a very time efficient manner.
Where the system concludes that you cannot secure ‘standard acceptance terms’ further underwriting will be undertaken by the Product Provider including seeking information (with your consent) from your own GP and or having you complete a medical examination. We will continue to keep you informed of any such decisions during the application process.
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.
If we have received your personal data from another source:
Euro Wealth Financial Services Limited have collected your personal data from the provider (or providers) with whom you have given us consent to do so.
Euro Wealth Financial Services Limited is committed to protecting and respecting your privacy.
It is the intention of this privacy statement (“Privacy Statement”) to explain to you the information practices of Euro Wealth Financial Services Limited in relation to the information we collect about you and other users.
How to update and / or amend the personal information you have provided / we hold on our records
You are entitled to know whether we hold information about you and if we do (subject to limitations), to have access to that information and have it corrected if it is in accurate or out of date. To exercise your Right to Access or to update your details under your Right of Rectification or Erasure please email your request to us at firstname.lastname@example.org or email@example.com and we will address your request as best we can – albeit we are subject to Central Bank Regulations which means we must hold your data on file for a period of 6 (six years) after last contact.
The Data Protection Officer/GDPR Owner is responsible for ensuring that the privacy notice(s) is correct and that mechanisms exist such as having the Privacy Notice(s) on The Euro Wealth Financial Services Limited website to make all data subjects aware of the contents of this notice prior to The Euro Wealth Financial Services Limited commencing collection of their data.
All staff that need to collect personal data are required to follow this procedure.
Questions Regarding the Privacy Statement and Conditions of Use
If you have any questions about our Privacy Statement and Conditions of Use, or any concern about privacy at the IAPP or the use of this Site in general, please contact us by e-mail at firstname.lastname@example.org or email@example.com
Our Privacy Notice is for your information and we will endeavour to take due care of your information. All staff within our organisation are made aware fully aware of the importance of treating all data supplied in a manner which is whole respectful to you.
This Notice will be updated periodically-as might be required
January 2018 Version 1
|2016 © Euro Wealth Financial Services Ltd. All Rights Reserved.
Euro Wealth Financial Services Ltd. T/A Euro Wealth Financial is regulated by the Central Bank Of Ireland.
Co. Registration No. 533708
Directors - Alan Quinlan & Raymond Quinlan