| Initial Disclosure
Document |
| 1. The Financial Services Authority (FSA) |
| The FSA is the statutory body that regulates
financial services. It's rules require us to give you this document.
We suggest you use this information to decide if our services are
right for you |
| 2. What range of products do we offer? |
| We offer a range of insurance products from a limited
range of insurers. Please feel free to ask us for a list of the
products together with their respective insurers. The insurers used on
a specific insurance product will be named in the policy wording and
policy summary. Our parent, FTW(IFA) Ltd does offer products on a
whole of market basis and can be approached independently |
| 3. What service will we provide you with?
|
| We do not offer advice. Instead, we make available a
limited range of insurance products for you to choose from. To assist
you in your choice we will provide you with a quotation for the cover
you require, together with comprehensive information to allow you to
make an informed decision. |
| If you require further information please telephone:
0161 408 1603 or email:
ftw@incomesave.co.uk However, we always require written or
email instruction to avoid misunderstandings. |
| Our parent
FTW(IFA)Ltd is authorised to offer advice on both non-investment
and investment products and should be approached independently |
| 4. What will you have to pay us for this
service? |
| No fee is payable. |
| 5. Who are we regulated by? |
| We are a marketing outlet for FTW(IFA)Ltd who are
authorised and regulated by the Financial Services Authority under FSA
registration number: 303428 |
| Our permitted business is insurance mediation
activities in relation to non-investment insurance products. |
| You can verify this information on the FSA's Register
by visiting the FSA's website |
| www.fsa.gov.uk/register/
or by contacting the FSA by telephone on:
0845 606 1234. |
| 6. What to do if you have a complaint
|
| Should you wish to register a complaint please
contact us: In writing: Incomesave, FTW(IFA)Ltd., 5 Lumb Cottages,
Irwell Vale, Ramsbottom, Lancs., BL0 0QS
Telephone: 0161 408 1603
By email:
ftw@incomesave.co.uk |
| Once your complaint is received we will review and
investigate your comments and concerns. We will write to acknowledge
your complain and advise you who is handling the matter. Once our
investigation is complete we will write to you again with our full
response. If you cannot settle your complaint with us, you may be
entitled to refer it to the Financial Ombudsman Service. |
| 7. Financial Services Compensation Scheme
(FSCS) |
| We are covered by the Financial Services Compensation
Scheme (FSCS). Accordingly, if we are unable to meet our obligations,
you may be entitled to compensation. The first £2,000 of most
insurance claims are covered through the FSCS, plus 90% of the
balance. Further information is available from the FSCS and they can
be contacted by telephone:
0207
892 7300 or by email:
enquiries@FSCS.org.uk. |
| 8. Duty of disclosure |
| Please be aware that the information provided by you
forms the basis of a legal contract between you and your insurer and
that you have an ongoing duty to disclose all circumstances which may
put your employment or health at risk or lead to a claim. It is
therefore essential that all information provided is true, accurate
and complete. Any omission, misrepresentation or failure to disclose
an important change of circumstance could invalidate your insurance
cover and could mean that a claim may not be paid. |
| 9. Data protection |
| Any information we hold about you will be treated as
private and confidential. We will only use and disclose the
information in the normal course of arranging your insurance cover.
Under the Data Protection Act 1998 you have rights of access to any
personal information we hold about you. If you have any queries in
respect of confidentiality and data protection please contact us in
writing at the following address: FTW(IFA)Ltd.,5 Lumb Cottages, Irwell
Vale, Ramsbottom, Lancs., BL0 0QS. |
| 10. Are there any circumstances where our
insurance products may not be suitable for you? |
| It is essential that you read the policy information
carefully to ensure that the insurance cover meets your demands and
needs. This is particularly important if any of the circumstances
detailed below apply to you because either an exclusion, or policy
condition may stop you from being able to claim: |
- you are not aged between 18 and 65;
- you do not live and work in the United Kingdom;
- you do not work for more than 16 hours each week and have not
done so continuously for the past 6 months;
- you cannot register as unemployed within the United Kingdom;
- you are employed on a fixed-term contract and you have less than
2 years service with your current employer;
- you are employed on a fixed-term contact and your contract has 6
months or less to run;
- you are aware of any proposed redundancies or re-organisation in
the business you work for;
- you are aware of any financial or contractual threat to the
business you work for;
- your work is casual, temporary or seasonal in nature or
unemployment is a regular feature of your particular job;
- you are currently disabled or you have a pre-existing medical
condition;
- you are currently unable to work due to an incapacity (including
any maternity leave);
- you are an existing borrower and your mortgage or loan is in
arrears or is shortly due to end;
- you are using your mortgage or loan for commercial purposes
(including buy to let mortgages);
- you are not living in the property named on your proposal;
- you are acting as a guarantor on the mortgage or loan (even if
you are named on the agreement);
- you already have unemployment and/or incapacity insurance;
- you do not have or intend to have a mortgage or loan;
- you wish to insure more than 50% of your gross monthly income;
- you wish to obtain immediate unemployment cover;
- you become unemployed or incapacitated and still receive some
income.
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