Terms Of Business

Terms of Business of Des Wilson Financial Services

 

These terms of business will remain in force and shall apply to any business service provided to you now or at a future date. Should my firm change any of its business terms at a future date I will advise you at our next meeting.

  • LRAW Ltd t/a Des Wilson Financial Services is authorised and regulated by the Central Bank of Ireland. Central Bank reference number is C132683.
  • LRAW Ltd t/a Des Wilson Financial Services is authorised as an Insurance Intermediary, authorised under the European Communities (Insurance Mediation) Regulations, 2005; Copies of our regulatory authorisations are available on request. The Central Bank of Ireland holds registers of regulated firms. You may contact the Central Bank of Ireland on 1890 777 777 or alternatively visit their website at www.centralbank.ie to verify our credentials. (Our reference number is C132683)
  • LRAW Ltd t/a Des Wilson Financial Services is subject to the Minimum Competency Code 2011, the Consumer Protection Code 2012 and Fitness and Probity standards which can be viewed on www.centralbank.ie
  • LRAW Ltd t/a Des Wilson Financial Services offers a range of products and Financial Planning services including life assurance, pensions and investments.
  • LRAW Ltd t/a Des Wilson Financial Services holds written appointments with a number of insurance undertakings and product producers; however, LRAW Ltd t/a Des Wilson Financial Services has selected one preferred product producer, Irish Life Assurance Plc for life insurance plans (including life assurance, specified illness cover, income protection, unit linked savings, investments, and pension plans), tracker bonds, and Personal Retirement Savings Accounts (PRSAs). Analysis of the market will be limited to products provided by Irish Life Assurance Plc. A list of the product producers with which LRAW Ltd t/a Des Wilson Financial Services holds an agency appointment with is available on request.
  • LRAW Ltd t/a Des Wilson Financial Services may receive commission and other payments from the life assurance provider to whom orders are transmitted. Summary details of these payments will be included in a product information document, under the Customer Information Notice section, which you are legally entitled to receive before an application for a product is completed, and full details will be included with your cooling-off letter and welcome pack . Any ongoing commission shown in the Customer Information Notice will be paid to me as long as I continue to be your Financial Adviser. Details of charges and commission payments for other products are available on request. In certain circumstances the firm may charge you a fee for the services provided. If we do this we will provide you with a written estimate of this in advance of providing any business service.
  • LRAW Ltd t/a Des Wilson Financial Services complies with the requirements of the General Data Protection Regulation 2018 and the Irish Data Protection Act 2018. The data which you provide to us will be held on a computer database and paper files for the purpose of arranging transactions on your behalf. Your data will be passed to the relevant product producers with whom LRAW Ltd t/a Des Wilson Financial Services has agencies for the purpose of arranging transactions agreed with you. Your data will be processed only in ways compatible with the purposes for which it was given and as outlined in our Data Privacy Notice and Data Protection Policy and Procedures. This information will only be used to provide you with business services, to meet any legal and regulatory obligations, and for legitimate business reasons. From time to time, we will send information about other financial products and services, provided by us or associated companies with which we have a formal business arrangement, which we think may be of interest to you. You have the right to ask us not to send you this marketing material and, at any time you can ‘opt out’ of receiving marketing material. You have a right to see the information that is held on you and you can do this by writing to me at the address given. We would like to contact you by way of letter, email or telephone call. If you would like to receive to receive such marketing information please complete the permission statements contained in the Terms of Business Client Acknowledgement Letter attached. You have the right at any time to request a copy of any ‘personal data’ within the meaning of the GDPR) that our office holds about you and to have any inaccuracies in that information corrected. Please contact us at info@pensionplan.ie if you have any queries about your personal data.
  • Investment Products; while LRAW Ltd t/a Agathos Financial Planning & Des Wilson Financial Services considers the approach taken by Irish Life Assurance plc in terms of them integrating sustainability risks into their product offering, as we have selected one preferred provider for investment products, analysis when choosing a suitable investment product for you will be limited to products provided by Irish Life Assurance plc. However, should you specifically seek a financial product which has sustainable investment as its sole / specific objective, and no such product is available from the range of products offered by Irish Life Assurance plc, LRAW Ltd t/a Agathos Financial Planning & Des Wilson Financial Services will conduct analysis of the product offerings available from the other insurance undertakings, lenders and product producers with whom we hold written appointments.
  • When providing advice, LRAW Ltd t/a Agathos Financial Planning & Des Wilson Financial Services does not consider the adverse impacts of investment decisions on sustainability. The firm will review this annually and make revisions when and if appropriate.
  • It is the policy of LRAW Ltd t/a Des Wilson Financial Services to avoid any conflict of interest when providing business services to its clients. However, where an unavoidable conflict may arise we will advise you of this in writing before proceeding to provide any business service. If you have not been advised on any such conflict you are entitled to assume that none arises.
  • LRAW Ltd t/a Des Wilson Financial Services will, if necessary, exercise its legal rights to receive any payments due to it, from clients for business services provided by it and to be reimbursed for any value obtained by it for clients arising from payments to it by clients which subsequently default. Irish Life Assurance Plc may withdraw benefits on default of payments due under any products arranged for your benefit. Details of these provisions will be included in your product terms and conditions.
  • Any complaint that you may have in relation to the business services provided should be made in writing to LRAW Ltd t/a Des Wilson Financial Services outlining the nature of your complaint. All complaints will be acknowledged in writing within 5 business days of the complaint being received. The complaint will be fully investigated by LRAW Ltd t/a Des Wilson Financial Services and a full response will be provided to you as soon as possible. We will aim to provide this response not later than 40 business days from receipt of your complaint and will provide you with a regular update on the progress of the investigation of the complaint at intervals of not greater than 20 business days, starting from the date on which the complaint was made. In the event that you remain dissatisfied with the firm’s handling of and response to your complaint you are entitled to refer your complaint to the Financial Services and Pensions Ombudsman.

Financial Services and Pensions Ombudsman

Lincoln House

Lincoln Place

Dublin 2

Phone: 01 567 7000

E-mail: info@fspo.ie

Website: www.fspo.ie

  • LRAW Ltd t/a Des Wilson Financial Services is a member of the investor compensation scheme run by the Investor Compensation Company Limited. The scheme provides a way of paying certain investors compensation, subject to the relevant limits, if they suffer financial loss caused by an investment firm being unable to meet its financial obligations (in other words, pay everything it owes). In the event that a right to compensation is established, the amount payable is the lesser of ninety per cent of your loss, which is recognised as being eligible for compensation, or €20,000.

These Terms of Business are effective from 10thMarch 2021