Aoife Power is a QFA regulated by the Central Bank of Ireland, with over 20 years experience. Aoife has worked with a number of life companies directly and also with insurance brokerages, giving her a valuable understanding of products and services best suited to customers. She advises on a wide spectrum of financial planning which includes helping clients plan for unforeseen events such as illness, death or loss of income. Her particular focus is on retirement planning, with customers who wish to commence new pensions or transfer from pensions they are no longer part of. She advises both employers and employees on how to plan an income for retirement and how to choose the options most appropriate and beneficial for them. Aoife can be contacted directly on 087-2798958 or by email to aoife@financialcompanion.ie.
Disclaimer
Aoife Power is committed to keeping this website up to date and accurate. Should you nevertheless encounter anything that is incorrect or out of date, we would appreciate it if you could let us know. Please indicate where on the website you read the information. We will then look at this as soon as possible. Please send your response by email to: ei.noinapmoclaicnanif@efioa.We are not liable for loss as a result of inaccuracies or incompleteness, nor for loss resulting from problems caused by or inherent to the dissemination of information through the internet, such as disruptions or interruptions. When using web forms, we strive to limit the number of required fields to a minimum. For any loss suffered as a result of the use of data, advice or ideas provided by or on behalf of Aoife Power via this website, Aoife Power accepts no liability.All intellectual property rights to content on this website are vested in Aoife Power.Copying, disseminating and any other use of these materials is not permitted without the written permission of Aoife Power, except and only insofar as otherwise stipulated in regulations of mandatory law (such as the right to quote), unless specific content dictates otherwise.If you have any questions or problems with the accessibility of the website, please do not hesitate to contact us.
Privacy
Introduction
For the purposes of this Privacy Notice (we) refers to Aoife Power QFA.Aoife Power is committed to protecting and respecting your privacy. We wish to be transparent on how we process your data and show you that we are accountable with the GDPR in relation to not only processing your data but ensuring you understand your rights as a client.It is the intention of this privacy statement to explain to you the information practices of Aoife Power in relation to the information we collect about you.For the purposes of the GDPR the data controller is:
Aoife Power
9 Maywood Avenue, Raheny, Dublin 5
Phone: 087 2798958Please 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?
Aoife Power is a QFA (Qualified Financial Adviser) who is authorised and regulated by the Central Bank of Ireland, to provide financial advice and arrange for financial products to be put in place from registered and authorised product providers.Our Data Protection Officer can be contacted directly by writing to the above address, or by calling the above telephone number.Purpose for processing your data
In order to advise you appropriately, we are required to gather certain information from you, to ensure that any advice is correct and most appropriate for your circumstances. Our website does not gather information from you. The information is gathered either from talking to you by telephone, in person or by information you may provide by email or post. The information gathered will include financial information, such as income, expenditure, assets, liabilities, existing plans in place and intentions for the future. In the event that you require protection products, such as life cover, specified illness cover or income protection, we will also gather relevant medical information so that the product providers can underwrite applications and provide you with acceptance terms.
Once your relevant information has been received, it is used as the basis for any advice or recommendations that are given to you. Only in the event that you choose to apply for any of the financial products available from the product providers (the Life, Pension & Investment Companies) will any of your data be further processed, to enable the product providers to provide you with the relevant products.
Only information relevant to the product being applied for is given to the product provider and this is done by keying it onto their secure, encrypted systems, only after you have signed a declaration authorising us to do so.
Why we are processing your data? Our legal basis.
In order for us to provide you with advice and recommendations, we need to collect personal data to ensure that any advice or recommendations are the most appropriate for your circumstances, needs and affordability. Our reason for processing your data under the GDPR is that we are obliged by the Central Bank’s Consumer Protection Code (CPC) to not only ensure that any advice and recommendations given to you are the most appropriate, but also to provide you with a “Statement of Suitability” (also referred to as a “Reasons why letter”) which will outline why the product(s), levels and companies chosen are most appropriate for you.Legal basis – We need to process your data as this is necessary in relation to a contract of insurance to which you have entered into or because you have asked for something to be done so you can enter into a contract. These can be Life Assurance, Serious Illness Cover, Income Protection Cover, Pensions, Savings and Investments.In any event, 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.How will we use the personal data it collects about me?
We 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 endeavour to keep your information accurate and up to date, and not keep it for longer than is necessary.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 that we will obtain your explicit consent.Who are we sharing your data with?
Unless you choose to apply for a product from one or more of the product producers, we will not share any of your data with third parties. In any respect, we will not share your information with any third party for marketing purposes, or any purpose not related to you applying for a product.We will only pass your relevant personal data on to third-party service providers contracted to Aoife Power, when you apply through us to commence one or more of their products. 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 the Central Bank’s CPC procedures.If we wish to pass your sensitive personal data onto a third party we will only do so once we have obtained your explicit consent, unless we are legally required to do otherwise.The third parties that we may pass your personal data to (only with your permission) are:Irish Life
New Ireland
Zurich Life
Aviva
Friends First
We have confirmed that all our third party processors are fully compliant with GDPR.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.Data Subjects Rights:
Aoife Power facilitates our clients’ rights in line with our data protection policy and the subject access request procedure. This is available on request.Your rights as a data subject
At any point while we are in possession of or processing your personal data, you, the data subject, have the following rights:
Right of access - you have the right to request a copy of the information that we hold about you.
Right of rectification - you have a right to correct data that we hold about you that is inaccurate or incomplete.
Right to be forgotten - in certain circumstances you can ask for the data we hold about you to be erased from our records, unless there is a legal basis for it to be retained.
Right to restriction of processing - where certain conditions apply to have a right to restrict the processing.
Right of portability - you have the right to have the data we hold about you transferred to another organisation.
Right to object - you have the right to object to certain types of processing such as direct marketing.
Right to object to automated processing, including profiling - you also have the right to be subject to the legal effects of automated processing or profiling.
Right to judicial review - in the event that Aoife Power refuses your request under rights of access, we will provide you with a reason as to why.
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.
Additional information we are providing you with to ensure we are transparent and fair with our processing.Retention of your personal data
Data will not be held for longer than is necessary for the purpose(s) for which they were obtained. We 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. As we are obliged under the Consumer Protection Code, to make sure that the most appropriate advice is based on the information you have provided, it is necessary to retain this information in order to illustrate how appropriate advice was, if inspected by the Central Bank of Ireland. This will usually be a period of 7 years following either your last transaction with us or the end of the term of the product that you commenced.Your data is collected in writing, when provided by you either in person, by phone, email or post. It is then stored securely in locked filing cabinets that have no access by other persons. When appropriate, your data is destroyed by cross-cut shredding on site with no external persons involved.Any data that needs to be scanned in order to be uploaded to product producers systems, such as signed declarations, is done on a secure computer not accessible by any other persons. This is then stored on a secure hard drive not accessibly by internet.Complaints
In the event that you wish to make a complaint about how your personal data is being processed by us or how your complaint has been handled, you have the right to lodge a complaint directly with the supervisory authority and our Data Protection Officer – Aoife Power.Failure to provide further information
If we are collecting your data for a contract with a product provider and you cannot provide this data the consequences of this could mean the contract cannot be completed or details are incorrect. When we collect data from you for the purpose of providing advice, any omissions or errors by you may compromise the quality and accuracy of the advice given.Profiling - automatic decision making
We may use an automated decision making system.
The two areas where this would occur are:
Risk analysis profiling. This is where a system will use your answers to financial risk related questions, to ascertain your level of acceptable investment risk. This is compulsory under the Consumer Protection Code before recommendations can be made for selection of fund(s) for pension, savings or investment products.
Medical Underwriting. When applying for a protection product, the life company's system can reach an underwriting decision based on the answers input into their automated underwriting system.
Additional Processing
If we intend to further process your personal data for a purpose other than for which the data was collected, we will do so only with your consent.Contact Us
Your privacy is important to us. If you have any comments or questions regarding this statement, please contact us on 087 2798958 or in writing at the above address.Privacy Policy statement changes
We may change this privacy policy from time to time. When such a change is made, we will post a revised version online. Changes will be effective from the point at which they are posted. It is your responsibility to review this privacy policy periodically so you’re aware of any changes. By using our services you agree to this privacy policy.