Privacy Policy
EFFECTIVE DATE: 17/03/2024
This Privacy Notice outlines how we collect, use, and share your personal data and explains your rights.
Introduction
The Bowmore Wealth Group needs to understand enough about you and your financial situation to determine if we can be of service to you and to enable us to provide our services to you. Because we collect your personal data for these purposes, we want you to understand the legal rules that we are relying upon and your legal rights, which we explain in this document, the Bowmore Privacy Notice.
Bowmore Wealth Group respects your privacy and is committed to protecting your personal data. The group includes our two businesses:
- Bowmore Financial Planning Ltd
- Bowmore Asset Management Ltd
What Personal Data We Collect
We may collect and process the following categories of personal data:
| CATEGORY | EXAMPLES |
|---|---|
| Identity Data | Name, date of birth, National Insurance number, passport/ID |
| Contact Data | Address, email address, phone numbers |
| Financial Data | Bank details, income, tax records, pension and other product details, investment holdings |
| Special Category Data | Health data e.g., medical data for pension and some insurance work |
| Technical Data | Your system and usage details when interacting with our website or online tools, including your IP address, cookies, browser type, and usage data |
Data About Connected Individuals
We may require data about your family members, dependents, or joint account holders. You confirm that they are aware of the Bowmore Privacy Notice and that you have their consent to share their personal data with us.
Why We Collect Your Personal Data
It is important to us that you understand why we collect your personal data, our purpose, and the legal basis for processing.
| PURPOSE | LEGAL BASIS |
|---|---|
| Delivering financial planning, advice, and investment management. Sending statements, reviews, and updates in respect of your accounts and investments managed by us. Notifying you about changes to our services, terms, and privacy notice. Using essential cookies and data analytics necessary for the effective use of our online services. | Contractual obligation |
| Compliance with legal, regulatory, and security obligations (e.g., anti-money laundering checks). | Legal obligation |
| Using health data for financial planning. Recording sensitive personal data useful for service delivery. | Explicit consent |
| Collecting your personal data at an initial meeting before you agree to use our services. Asking you to leave a review or complete a survey. Administering and protecting our business and website. Delivering relevant website content and measuring effectiveness. | Legitimate interest |
| Sending marketing communications. | Consent |
| Using data analytics to improve website experience. | Consent to system cookies |
Who We Share Your Data With
| RECIPIENT | REASON FOR SHARING |
|---|---|
| Bowmore Group entities | To provide seamless services from our different businesses |
| Third-party service providers | Selected providers supporting service delivery, such as IT support and compliance review |
| Regulators and authorities | To fulfill legal and regulatory obligations |
Data Retention
We retain your personal data while providing our services and only as long as necessary thereafter.
| DATA CATEGORY | RETENTION PERIOD |
|---|---|
| Financial Planning and Investment data | 7 years |
| Pension transfer advice | Indefinitely |
| Insurance business records | 7 years |
| Initial meetings and discussions | 1 year |
Your Rights
You have the following legal rights regarding your personal data:
- Access: Request a copy of your personal data.
- Correction: Request corrections to incomplete or inaccurate data.
- Erasure: Request deletion of data where consent was given.
- Restriction: Request that we limit the use of your data.
- Data Portability: Request that your data be passed to another company.
- Objection: Object to data processing based on legitimate interest.
To exercise your rights, contact us at enquiries@bowmorewealth.com.
Security Measures
We use advanced measures to safeguard your personal data, including:
- Encryption of sensitive data
- Secure storage systems
- Regular security audits
- Staff training
- Overseeing arrangements of third parties
Contact Details
For questions or to exercise your rights, please contact us:
Email: enquiries@bowmorewealth.com
Address: Farleigh House, Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1UR
If you are not satisfied with our response, you may contact the Information Commissioner’s Office (ICO):
Website: www.ico.org.uk
