Introduction

This notice provides you with information concerning our collection and use of personal data. If you have any queries regarding this statement, please do not hesitate to contact us.

Legal basis

We collect, control and process your personal information because this is necessary to provide you with information, answer any queries you may have and for the provision of our services to you. Contractual necessity is therefore the lawful basis for collecting, controlling and processing your personal details and those of your employees and service providers other than sensitive personal data for which we require individual consent. We do not normally request or process any sensitive personal data.

Sensitive personal data:

Racial or ethnic origin

Political opinions

Religious or philosophical beliefs

Trade union membership

Genetic data

Biometric data

Data concerning health

Data concerning sex life or sexual orientation

We would discuss with you the need for the provision of sensitive data before you provide this information. The subsequent provision of sensitive personal data will be taken as consent to this processing. For insurance purposes we can process sensitive personal data in order to make arrangements for insurance based products under the Data Protection Act 2018.

What data we collect & what do we do with it

Completing our initial enquiry form.

If you contact us via the web form on our website your data will be protected by a Secure Socket Layer. This site is hosted at on our own servers located in London, UK and our Secure Socket Layer is provided by LetsEncrypt. Your completed webform will be transmitted to us via email and temporarily stored on a Microsoft Hosted Exchange.

What we will do with your enquiry

Once we have responded to your enquiry your data will be saved on our local encrypted server located in the UK.

Working with us

We collect and use information about you, which will include personal data in order for us to advise you and make arrangements for you. In order to communicate with you about our services we will require your contact details including personal email addresses. Your name and email and information relating to the work we undertake for you will be processed and stored.

Sharing your data

In order to fulfil our obligations under any contract for services we will need to share your data with third party Data Controllers and Data Processors.

Data controllers

This will include:

Product & service providers in relation to pensions, investments & insurance provision

Our compliance monitoring services.

The Financial Conduct Authority.

The Financial Ombudsman Service.

Any other regulators where so required.

We also use external Data Processors that will hold information for the following purposes:

Telephony services

Secure file sharing

Data backup

Regulatory compliance

All external processors are only permitted to process your data in line with our instructions.

Data processors privacy

Below is a list of the processors used and the types of information processed. Please note that the Privacy & Security policies of the processors are aimed at the controllers who use them and may be updated. In all other circumstances your data remains on our own UK servers and is not processed by any other parties except as required to deliver services to you.

Processor: Microsoft
Type of processing & data:
Secure file sharing via Sharepoint, CRM systems & email data archiving

Processor: Microsoft
Type of processing & data:
VOIP telephony

In all cases we seek to minimize the amount of personal data shared and in some cases anonymise this. It is essential, however, that we can identify you quickly and easily so information shared may be identifiable as your personal data.

We will not share your personal information in any other circumstances than those necessary for the provision of service to you or where we are required to do so by law.

Where we store your Personal Data

All the data that we collect is stored on our encrypted server or encrypted back-up drives back up drives in the UK, the EU or protected by the US Privacy Shield or with our listed processors under contract.

Marketing

The information we collect about you is used solely for the purposes for which it was provided. We will never use your data or share it for marketing purposes.

Your rights

Under data protection law you have the right to ask us for a copy of the information we hold about you, and to have any inaccuracies corrected or removed. You may also ask us to delete or cease processing all personal data held by us or any processor with which we have shared your data. We may not always be able to comply with a request for deletion, but you can ask us to cease processing your data.

In addition you have the right to be informed about the data we collect, where is located and with whom it is shared and the processing we undertake and to question any automated decision making processes

To do this, or if you require more information please either contact us in writing, by telephone or email.

Complaints

We are registered as a Data Controller in the UK with the Information Commissioner’s Office. Click here for more information.

Contact

For any queries about data protection please contact:

Contact name: Nicola Coates

Email: hello@56Wealth.com

Address: 56 Wealth Management Limited, 4 Brompton Terrace, Perth, PH2 7DH

IP Addresses and Cookies

Our website uses cookies purely to enhance your experience.

 (A cookie is a piece of information that is stored on your computer's hard drive which records how you have used a website. This means that when you go back to that website, it can give you tailored options based on the information it has stored about your last visit.)

Vital cookies!

Ones that are essential to the operation of the website. These cookies enable a site to remember text entered in a page within the same session or to remember whether a user is logged in or not, the site cannot function without them.

Performance cookies

Performance cookies, which collect information about website usage to enhance the web experience. Examples of these include website analytics (i.e. Google Analytics) and ad-response rates (where data is collected exclusively for calculating click-through rates). They don’t collect information that can identify a particular visitor. These cookies are usually persistent and have fairly long expiry rates.

Functionality cookies

These remember the choices that users make within a web page, such as usernames, language or region to provide an enhanced, more personalised web experience. They cannot track your activity on other websites and are anonymous.

Advertising cookies

Targeting or advertising cookies collect information about your browsing habits to tailor third-party advertising to meet your interests. They are usually placed by advertisers with website operators’ permission. We do not use this type of cookie.

Any changes we may make to our privacy policy in the future will be posted on our websites where appropriate or may be notified to you by post or e-mail.