Future Proof Finance is a trading name of Future Proof Finance Ltd Regulated by the Central Bank of Ireland
These Terms of Business set out the general terms under which our firm will provide business services to you and responsibilities of both the firm and you in relation to such services. Please ensure that you read these terms thoroughly and if you have any queries we will be happy to clarify them. If any material changes are made to these terms we will notify them.
Authorisation with the Financial Regulator
Future Proof finance is a trading name of Future Proof Finance Ltd Regulated by the Central Bank of Ireland as a Multi-Agency Intermediary authorised under the Investment Intermediaries Act, 1995; as amended; as a mortgage intermediary authorised under the Consumer Credit Act, 1995 and as an insurance intermediary registered under the European Communities (Insurance Mediation) Regulations, 2005. Copies of our regulatory authorisations are available on request. The Financial Regulator holds registers of regulated firms. You may contact the Financial Regulator on 1890777777 or alternatively visit their website at www.financialregulator.ie to verify our credentials.
Future Proof finance is a trading name of Future Proof Finance Ltd Regulated by the Central Bank of Ireland. We are authorised to provide the following services:
• Financial advice in relation to
- Relevant collective investment schemes instruments
- Tracker bonds
- Insurance policies
• Receive and transmit orders on your behalf for any of these product(s) to any product producer we hold an appointment from.
We may receive up to 1% (or whatever maximum is applicable) of the loan for arranging mortgage finance. This commission is paid by the mortgage lender. In certain circumstances we may charge a fee for providing your mortgage, a fee depending on the type, complexity and time spent on the mortgage required may be up to €1000. Typically, this situation arises in relation to specialist lending.
Default of payment by clients
Our firm will exercise its legal rights to receive payments due to it from clients (fees and insurance premiums) for services provided. In particular, without limitation of the generality of the foregoing, the firm will seek reimbursement for all payments made to insurers on behalf of clients where the firm has acted in good faith in renewing a policy of insurance for the client. Product producers may withdraw benefits or cover in the event of default on payments due under policies of insurance or other products arranged for you. We would refer you to policy documents or product terms for the details of such provisions.
Investor Compensation Scheme
We are a member of the Investor Compensation Scheme established under the Investor Compensation Act, 1998. This legislation provides for the establishment of a compensation scheme and the payment, in certain circumstances, of compensation to clients (known as eligible investors) of authorised investment firms, as defined in the Act.
Compensation may be payable where money or investment instruments owed or belonging to clients and held, administered or managed by the firm cannot be returned to those clients for the time being and where there is no reasonably foreseeable opportunity of the firm being able to do so.
A right to compensation will arise only:
- If the client is an eligible investor as defined in the Act; and
- If it transpires that the firm is not in a position to return client money or investment instruments owned or belonging to the clients of the firm; and
- To the extent that the client’s loss is recognised for the purposes of the Act.
In the event that a right to compensation is established, the amount payable is the lesser of:
- 90% of the amount of the client’s loss which is recognised for the purposes of the Investor Compensation Act, 1998
In addition to the above mentioned compensation we also hold Professional Indemnity Insurance.
Conflict of Interest
It is our policy to avoid any conflicts of interest when providing business services to clients. However, where an unavoidable conflict may arise we will advise you in writing before providing any such service. If you have not been advised of any conflict you may assume that none arises.
We ask that you make any complaint against our firm relating to services in writing. We will acknowledge your complaint within 5 business days and we will fully investigate it. We have written procedures in place for the effective consideration and handling of complaints. Any complaint that you may have should be addressed to The Compliance Officer, Future Proof Finance Limited, Lucan County Enterprise Centre, Lucan Co Dublin Ph: 01 505 6934. If you are dissatisfied with our handling of the complaint or our response to it you may refer the issue as appropriate to the Financial Services Ombudsman, 3rd Floor, Lincoln House, Lincoln Place, Dublin 2, telephone 1890 882 090 or the or the Pensions Ombudsman, 36 Upper Mount Street, Dublin 2, telephone 01-6471650. A full copy of our complaints procedure is available on request.
The suitability of all financial products depends on many factors and we will consider all relevant information before recommending any product to you. In order for us to fully assess your financial needs it is important that you provide all relevant information to us. If you do not do so the advice we provide may not be as suitable had the full information been provided. Before purchasing any product you will be advised of the product’s suitability and given a statement of reasons why, in our opinion, the product is suitable for your needs. All advice given will be based on our understanding of current law and Revenue practice. It may be that subsequent changes might affect the recommendations that have been made .It is in your best interests that you review, on a regular basis, the products which we have arranged for you. As your circumstances change, your needs will change-you must advise us of those changes and request a review of the relevant policy so that we can ensure that you are provided with up to date advice and products best suited to your needs.
Your Duty of Disclosure to Insurers and Duty of Utmost Good Faith
The law in the Republic Of Ireland deems insurance to be a special class of contract which imposes onerous duties upon prospective Insured’s and their agents, who are obliged to act with utmost good faith towards Insurers at all times. In addition they are obliged to disclose to Insurers, before the contract is concluded, all material information that is known to them.
If there is any breach of these duties the Insurers will be entitled to cancel the policy of insurance from inception, if the breach induced the making of the contract on the relevant terms, as well as seeking the recovery of all claims already paid under the policy. These duties of utmost good faith and disclosure also apply to the claims process. In completing a proposal form or claim form or other documentation relating to an insurance policy, the accuracy of all answers, statements and / or information is your sole responsibility.
Claims should be advised to the insurer when the claim arises. The insurer will advise you of its claims requirements and provide you with a copy of its claims process on request. If you experience any difficulty with the insurer’s claims process you should contact us - Future Proof Finance Limited, Lucan County Enterprise Centre, Lucan Co Dublin Ph: 01 505 6934.
Future Proof Finance complies with the requirements of the Data Protection Acts, 1998 and 2003. The data which you provide to us will be held on a computer database and paper files for the purpose of arranging transactions on your behalf. We keep records of our business transactions for at least six years, including personal data defined as sensitive under the Data Protection Acts. You have the right to inspect copies of all entries in our books or computerised records relating to transactions with you. A fee may be charged for this request, and if so you will be notified in advance. We would also like to keep you informed of mortgage, insurance, investment, and any other services provided by us or associated companies with which we have a formal business arrangement, and which we think may be of interest to you. We would like to contact you by way of letter, email, telephone call or personal visit. If you do not wish to receive such marketing information please tick the box in the Terms of Business acknowledgement letter. We may receive referrals from such firms and may advise them of any transactions arranged for you.
Future Proof Finance Limited, Lucan County Enterprise Centre, Lucan Co Dublin.
Ph: 01 505 6934 Mobile 086 602 1353 Email: firstname.lastname@example.org
These Terms of Business shall be governed by and construed in all respects according to the laws of the Republic Of Ireland and are valid until further notice.