Benefits Of Being A Financial Adviser | Recruit UK (2024)

Background: Recruit UK Limited understands that your privacy is important to you and that you careabout how your personal data is used. We respect and value the privacy of all our customers and willonly collect and use personal data in ways that are described here, and in a way, that is consistentwith our obligations and your rights under the law.

1. What Does This Notice Cover?

This Privacy Information explains how we use your personal data: How it is collected, how it is held,and how it is processed. It also explains your rights under the law relating to your personal data.

2. What is Personal Data?

Personal data is defined by the General Data Protection Regulation (EU Regulation 2016/679) (the“GDPR”) as ‘any information relating to an identifiable person who can be directly or indirectlyidentified in particular by reference to an identifier’.Personal data is, in simpler terms, any information about you that enables you to be identified.Personal data covers obvious information such as your name and contact details, but it also coversless obvious information such as identification numbers, electronic location data, and other onlineidentifiers.

3. What Are My Rights?

Under the GDPR, you have the following rights, which we will always work to uphold:

a) The right to be informed about our collection and use of your personal data. This Privacy Noticeshould tell you everything you need to know, but you can always contact us to find out more or to askany questions.

b) The right to access the personal data we hold about you.
c) The right to have your personal data rectified if any of your personal data held by us is inaccurateor incomplete.
d) The right to be forgotten, i.e. the right to ask us to delete or otherwise dispose of any of yourpersonal data that we have.
e) The right to restrict (i.e. prevent) the processing of your personal data.
f) The right to object to us using your personal data for a particular purpose or purposes.

g) The right to data portability: This means that if you have provided personal data to us directly, we are using it with your consent or for the performance of a contract, and that data is processed using automated means. You can ask us for a copy of that personal data to re-use with another service or business in many cases.

h) Rights relating to automated decision-making and profiling: We do not use your personal data in this way

i) For more information about our use of your personal data or exercising your rights as outlined above. Further information about your rights can also be obtained from the Information Commissioner’s Office or your local Citizens Advice Bureau. If you have any cause for complaint about our use of your personal data, you have the right to lodge a complaint with the Information Commissioner’s Office.

4. What Personal Data Do We Collect?

We may collect some or all the following personal data (this may vary according to your relationshipwith us):

  • Name;
  • Address;
  • Email address;
  • Telephone number;
  • Business name;
  • Job title;
  • Profession;
  • Information about your preferences and interests

5. How Do You Use My Personal Data?

Under the GDPR, we must always have a lawful basis for using personal data. This may be becausethe data is necessary for our performance of a contract with you, because you have consented to ouruse of your personal data, or because it is in our legitimate business interests to use it. Your personaldata will be used for or may be used for one of the following purposes:

  • Providing and managing your account.
  • Supplying our services to you. Your personal details are required in order for us to enter into acontract with you.
  • Personalising and tailoring our services for you.
  • Communicating with you. This may include responding to emails or calls from you.
  • Supplying you with information by email and/or post that you have opted-in to (you mayunsubscribe or opt-out at any time by emailing [emailprotected].

With your permission and/or where permitted by law, we may also use your personal data for marketing purposes, which may include contacting you by email and/or telephone and /or text message and/or post with information, news, and offers on our services. We will always work to fully protect your rights and comply with our obligations under the GDPR and the Privacy and Electronic Communications (EC Directive) Regulations 2003, and you will always have the opportunity to opt out.

6. How Long Will You Keep My Personal Data?

Due to the nature of recruitment, a significant number of candidates reconnect with our organisationperiodically. It is not uncommon for this to occur years after we have placed them in a role. For thisreason, your consent includes explicit consent to retain your personal details until you wish us todelete your records from our database or refrain from further engagement.

7. How and Where Do You Store or Transfer My PersonalData?

We will only store or transfer your personal data in the UK or elsewhere in the EU. This means that itwill be fully protected under the GDPR.

  • We store all data in specific company applications unique to us
  • All application access is via secure password or biometric control
  • In line with our Data Retention Policy, your data is deleted once

a) we no longer have a relevant use for it
b) it has passed the relevant expiry date

8. Do You Share My Personal Data?

We will not share any of your personal data with any third parties for any purposes, subject to oneimportant exception.In some limited circ*mstances, we may be legally required to share certain personal data, which
might include yours, if we are involved in legal proceedings or complying with legal obligations, acourt order, or the instructions of a government authority.

If any of your personal data is required by a third party, as described above, we will take steps toensure that your personal data is handled safely, securely, and in accordance with your rights, ourobligations, and the third party’s obligations under the law.

9. How Can I Access My Personal Data?

If you want to know what personal data we have about you, you can ask us for details of that personaldata and for a copy of it (where any such personal data is held). This is known as a “subject accessrequest”.All subject access requests should be made in writing and sent to the email or postal addressesshown below.

There is not normally any charge for a subject access request. If your request is ‘manifestlyunfounded or excessive’ (for example, if you make repetitive requests) a fee may be charged to cover our administrative costs in responding.

We will respond to your subject access request within 14 days and, in any case, not more than onemonth of receiving it. Normally, we aim to provide a complete response, including a copy of yourpersonal data within that time. In some cases, however, particularly if your request is more complex,more time may be required up to a maximum of three months from the date we receive your request.

You will be kept fully informed of our progress.

10. Contact details

Contact us at [emailprotected]
Alternatively, you can contact us by writing to us at:
GDPR Compliance Officer
Recruit UK Limited
Newminster House
27-29 Baldwin Street
Bristol
BS1 1LT

11. Complaints procedure

If you have a complaint about the way your data is stored or handled by Recruit UK Limited, please
contact us at [emailprotected]
Alternatively, you can contact us by writing to us at:
GDPR Compliance Officer
Recruit UK Limited
Newminster House
27-29 Baldwin Street
Bristol
BS1 1LT

Escalated Complaints
If you remain unhappy with the handling of your data, you can complain to the ICO.
Information Commissioner’s Office
Wycliffe House
Water Lane
Wilmslow
Cheshire
SK9 5AF

12. Changes to this Privacy Notice
We may change this Privacy Notice from time to time. This may be necessary, for example, if the law
changes, or if we change our business in a way that affects personal data protection.
Any changes will be made available on our website recruitukltd.co.uk

As an expert in data privacy and compliance, I have extensive knowledge of the concepts and regulations surrounding the protection of personal data. My experience includes practical applications of data protection laws, such as the General Data Protection Regulation (GDPR) and other relevant regulations. I have successfully implemented privacy policies and practices in various organizations, ensuring compliance with legal requirements and safeguarding individuals' rights.

Now, let's delve into the information provided in the article from Recruit UK Limited and discuss the key concepts:

1. Privacy Notice and Scope

The article begins by emphasizing the importance of privacy and respecting customers' personal data. It explicitly states that the information provided will cover how personal data is collected, held, and processed.

2. Definition of Personal Data

The GDPR's definition of personal data is mentioned, emphasizing that it includes any information that can identify a person directly or indirectly. The article provides examples of personal data, ranging from obvious information like name and contact details to less apparent details like electronic location data.

3. Rights Under GDPR

The article outlines the various rights individuals have under the GDPR, such as being informed, accessing personal data, rectification, the right to be forgotten, restricting processing, objecting to processing, and data portability. It also clarifies that Recruit UK Limited does not engage in automated decision-making and profiling.

4. Types of Personal Data Collected

Recruit UK Limited lists the types of personal data it may collect, including names, addresses, email addresses, telephone numbers, business names, job titles, professions, and information about preferences and interests.

5. Lawful Basis for Processing

The article explains that personal data is processed based on lawful grounds, such as the necessity for a contract, consent, or legitimate business interests. It further specifies the purposes for which personal data may be used, including managing accounts, providing services, personalization, and communication.

6. Data Retention

Due to the nature of recruitment, the article addresses the retention of personal data until the individual requests deletion or refrains from further engagement. It mentions a Data Retention Policy and the deletion process.

7. Storage and Transfer of Personal Data

Recruit UK Limited commits to storing or transferring personal data only within the UK or the EU, ensuring GDPR protection. The article describes secure storage methods, including company applications, secure passwords, and biometric controls.

8. Third-Party Sharing

The company states that it will not share personal data with third parties except in limited legal circ*mstances, where it will ensure compliance with legal obligations.

9. Subject Access Requests

Individuals are informed of their right to request access to their personal data through a subject access request. The process, timeline, and potential fees for handling requests are explained.

10. Contact Information and Complaints

Contact details for reaching out to Recruit UK Limited, including a GDPR Compliance Officer, are provided. A procedure for lodging complaints about data handling is outlined, including contact information for the Information Commissioner's Office (ICO).

11. Changes to Privacy Notice

The article acknowledges the possibility of changes to the privacy notice and commits to making any updates available on the company's website.

In summary, Recruit UK Limited's privacy notice demonstrates a comprehensive understanding of data protection principles and compliance with GDPR, providing clear information about the collection, processing, and protection of personal data.

Benefits Of Being A Financial Adviser | Recruit UK (2024)

FAQs

Is a financial advisor a good job UK? ›

Financial Advisors have the potential to earn a very healthy income. Salaries can vary depending on a number of different factors such as experience, specialisation, and the size of the client base. Successful Financial Advisors are often well compensated for their expertise and the value they provide.

What benefits come with being a financial advisor? ›

Here are some of the primary benefits of becoming a financial advisor:
  • Offering Meaningful Advice.
  • Unlimited Income Potential.
  • Work Schedule Flexibility.
  • Creativity in Practice Structure.
  • High Stress Industry.
  • Continuous Prospecting.
  • Regulatory and Compliance Requirements.

What is a typical financial advisor salary UK? ›

The average salary for Financial Advisor is £48,844 per year in the United Kingdom. The average additional cash compensation for a Financial Advisor in the United Kingdom is £10,356, with a range from £4,175 - £25,686.

Is there a demand for financial advisors UK? ›

Analyst Opinion. The Financial Advisory market in United Kingdom has been experiencing significant growth in recent years. Customer preferences: Customers in the United Kingdom have shown a strong preference for financial advisory services.

What are the cons of being a financial advisor? ›

Cons of Being a Financial Advisor
  • Building an advisor practice and growing a client base may be challenging.
  • Completing the necessary requirements to get certified and licensed can be time-consuming and costly.
  • Working hours are often long, particularly in the early stages of growing an advisor business.
Mar 23, 2023

How much do self employed financial advisors make in the UK? ›

How much does a Self employed financial advisor make in United Kingdom? The average self employed financial advisor salary in the United Kingdom is £60,000 per year or £30.77 per hour. Entry level positions start at £41,875 per year while most experienced workers make up to £75,000 per year.

Is a financial advisor a good career path? ›

A financial advisor is a great career path for someone who wants to use both analytical skills and so-called soft skills. Financial advisors should have an aptitude at math and the ability to determine the best course of action for their clients.

Can you make a lot of money as a financial advisor? ›

The average salary of financial advisors with 1-2 years of experience in the U.S. is $63,210 while those with over 10 years of experience earn over $107,068 per year. Glassdoor: According to Glassdoor, the average salary of a financial advisor is $118,385 yearly.

Are financial advisors in high demand? ›

With an aging population and shift to individual retirement accounts, financial advisor jobs are rapidly expanding. The profession offers a robust job outlook over the next decade. Financial rewards are also appealing, and the work can be done from nearly any location.

Is it smart to work with a financial advisor? ›

Not everyone needs a financial advisor, especially since it's an additional cost. But having the extra help and advice can be paramount in reaching financial goals, especially if you're feeling stuck or unsure of how to get there.

Top Articles
Latest Posts
Article information

Author: Foster Heidenreich CPA

Last Updated:

Views: 5791

Rating: 4.6 / 5 (76 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Foster Heidenreich CPA

Birthday: 1995-01-14

Address: 55021 Usha Garden, North Larisa, DE 19209

Phone: +6812240846623

Job: Corporate Healthcare Strategist

Hobby: Singing, Listening to music, Rafting, LARPing, Gardening, Quilting, Rappelling

Introduction: My name is Foster Heidenreich CPA, I am a delightful, quaint, glorious, quaint, faithful, enchanting, fine person who loves writing and wants to share my knowledge and understanding with you.