1 Our firm Becque Wayman Investments
Limited is regulated by the Personal Investment Authority.
We offer independent advice on and arrange life assurance, pensions,
investments in authorised unit trusts, investment trusts, individual
savings accounts and personal equity plans . If you make a valid
claim against us in respect of these investments which we have
arranged for you and we are unable to meet our liabilities in
full, you may be entitled to redress from the Investors Compensation
Scheme; details will be provided on request. Further information
is available from the Financial Services Authority and the Investors
Compensation Scheme.
We may also give advice on term assurance, health and medical
insurances, Bank and Building Society accounts, National Savings
Investments and unregulated collective investment schemes which
are not regulated under the Financial Services Act. THE INVESTORS
COMPENSATION SCHEME DOES NOT APPLY TO THESE PRODUCTS.
Endowment Exchange is a trading
name of Becque Wayman Investments Limited and offers an execution
only service in respect of policy sales which means that we do
not offer any advice nor exercise any judgement on behalf of the
seller and all instructions are accepted on this basis.
Clarity Finance is a trading
name of Becque Wayman Investments Limited and offers an execution
only internet service in respect of policy sales, discounted Individual
Savings Accounts and Unit Trusts which means that we do not offer
any advice nor exercise any judgement on behalf of the seller
and all instructions are accepted on this basis. We are bound
by PIA's rules.
2 Our services We confirm
that we will be happy to act on your behalf with your investment
objectives. We are not tied to one insurance company and we are
therefore able to survey the whole market in order to find the
most suitable product for you. If an occasion arises where we
or one of our other clients has an interest, or we become aware
of such interests in the business we are arranging for you which
may conflict with yours, we will disclose this interest to you
in writing and obtain your consent before carrying out your instructions.
3 Our dealings with you We
normally ask our clients to give written instructions before we
act for them but, at our discretion, oral instructions will also
be acceptable. We would expect you to confirm this in writing.
Any advice we give you will normally be in writing. Once we have
arranged the investments for which you have given us instructions
we will not provide you with further advice unless requested,
at which time we will be happy to do so.
4 Termination Our authority
to act on your behalf may be terminated at any time, without penalty,
by either of us giving the other written notice to that effect.
Such termination will be without prejudice to either party's obligations
to complete transactions already initiated on your instructions
whether written or oral.
5 Remuneration We derive
our income from commission paid to us by life assurance companies,
individual savings accounts and unit trust managers with which
investments are made. We will tell you the amount of commission
we receive on any such investment. We reserve the right to act
as an agent for third parties and to share commission received
with them. If, instead of relying on commission, we propose to
charge you a fee, we will agree with you in writing beforehand
how it will be calculated.
6 Discounts If we receive
a commission or other form of benefit from the issuer of a security
or from another intermediary, we will inform you, but need not
quantify the amount unless you ask us to do so.
7 Transaction records We
will account to you for transactions effected on your behalf either
by means of a contract note, or by providing documents of title
or certificates evidencing title. We will supply, on request,
to you or your appointed agent contract notes, vouchers and copies
of entries in our manual or electronic records relating to your
transactions. We undertake to maintain such records for six years
from the date of each transaction. We treat all client records
as confidential. By signing a proposal or application form you
give authority for us to pass the information contained therein
to the product provider concerned.
8 Complaints If you should
have any complaint about our services please write to the Compliance
Officer at our head office (see address above).
9 Client money WE DO NOT
HANDLE CLIENTS' MONEY. We never accept a cheque made out to us
(unless it is in settlement of charges for which we have sent
you a bill) or handle cash.
10 Investment documents All
investments will be registered in your name unless you instruct
us otherwise in writing. We will forward to you all documents
showing ownership of your investments as soon as practicable after
we receive them; where a number of documents relating to a series
of transactions are involved, we will normally hold each document
until the series is complete and then forward them to you.
11 UK Money Laundering Regulations (1993)
We are obliged to conform with the UK Money Laundering Regulations
which require financial institutions to confirm the identity and
place of residence of each investor. This may require sight of
certain documentation and/or checking with a credit reference
agency, the electoral roll or directory enquiries in order to
verify your details. A credit reference agency may record the
search. We take no responsibility for any delay in investing where
money laundering verification is needed.
12 Confidentiality It may
be necessary for external professional advisers to inspect our
records. We will not pass information relating to you to another
party without your prior consent unless we are legally obliged
to do so.
13 Data Protection We are
required to demonstrate to PIA that we "know our client". Through
this process we may request "sensitive data" from you e.g. your
state of health. If you agree to provide this information, we
will take this as your explicit consent to the processing of such
information. Your "Data" will be put onto Becque Wayman Investments
Limited database/manual records and held, processed, disclosed
and used by us, and third party product providers in servicing
our/their relationship with you, including identity and money
laundering checks. If you do not agree to this storage, use and
disclosure, please write to the Data Protection Officer at Becque
Wayman Investments Limited
Becque Wayman Investments Limited and third party product providers
may use and analyse your personal data, including the nature of
your transactions to give you information by post, telephone, fax
or e-mail about our/their products and services and those of selected
third parties which may be of interest to you. If you do not wish
to be contacted for marketing purposes please write to the Data
Protection Officer, at the above address.
