TERMS OF BUSINESS - These Terms of Business set out the general terms under which our firm will provide business services to you and the respective duties and 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 you.
Paul Tinney t/a Cornmarket Financial Services is regulated by the Central Bank of Ireland as a Multi-Agency Insurance Intermediary authorised under the Investment Intermediaries Act, 1995 and as a Mortgage Intermediary authorised under the Consumer Credit Act, 1995. Copies of our regulatory authorisations are available on request. The Central Bank of Ireland holds registers of regulated firms. You may contact the Central Bank of Ireland on 1890 777 777 or alternatively visit their website at www.centralbank.ie to verify our credentials.
SERVICES PROVIDED - As a Multi-Agency Intermediary we are authorised to advise you in relation to a wide range of Life Assurance, Investment and Pension products. We research the product producers; we hold an appointment with, on your behalf to identify and assess the suitability of the products on offer to meet your current needs.
As a Mortgage Intermediary we hold appointments with IFG Investment & Mortgage Services Ltd & Mortgage & Assurance Services Ltd. These appointments give us access to a wide number of Financial Institutions with whom we can place Mortgage business.
OUR SERVICES - Cornmarket Financial Services is a member of the Professional Insurance Brokers Association (PIBA). As a member of PIBA we must be in a position to place insurance with at least five insurers of the relevant form and therefore can generally give consumers greater choice. Our principal business is to provide advice and arrange transactions on behalf of clients in relation to life & pensions and mortgages. A full list of insurers, product producers and lending agencies with which we deal is available on request.
Cornmarket Financial Services provides Life Assurance and Pensions advice on a fair analysis basis - i.e. providing services on the basis of a sufficiently large number of contracts and product producers available on the market to enable us to make a recommendation, in accordance with professional criteria, regarding which contract would be adequate to meet your needs.
We will provide assistance to you for any queries you may have in relation to the policies or in the event of a claim during the life of the policies and we will explain to you the various restrictions, conditions and exclusions attached to your policy. However, it is your responsibility to read the policy documents, literature and brochures to ensure that you understand the nature of the policy cover; particularly in relation to PHI and serious illness policies. Cornmarket Financial Services provides Mortgage advice on a fair analysis basis through IFG investment & Mortgage Services Ltd. This appointment gives us access to a wide number of Financial Institutions with whom we can place Mortgage Business. We will need to collect sufficient information from you before we can offer any advice on housing loans. This is due to the fact that a key issue in relation to mortgage advice is affordability. Such information should be produced promptly upon our request.
COMPLAINTS - We ask that you make any complaint against our firm, relating to services provided by us, in writing. We will acknowledge your complaint within five business days and we will fully investigate it. On completion of our investigation, we will provide you with a written report of the outcome. In the even that you are still dissatisfied with our handling of or response to your complaint, you are entitled to refer the matter to the Financial Services Ombudsman or the Pensions Ombudsman. They can be contacted by phone: (01)6130892, or mail: enquiries@financialombudsman.ie
CONFLICTS OF INTEREST - It is the policy of our firm that our employees are required to comply with a policy of independence to avoid conflicts of interest in providing services to you.
COMPENSATION SCHEME - We are members of the Investor Compensation Scheme established under Section 38 of the Investor Compensation Act 1998. The Act provides that compensation shall be paid to eligible investors (as defined in the Act) to the extent of 90% of an Investor´s net loss of €20,000, whichever is the lesser and is recognised as being eligible for compensation.
FAILURE TO PAY OR DEFAULT - 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. We will also exercise our right to receive any payments due to us for business services provided in the event of a default in payment.
DISCLOSURE OF INFORMATION - It is your responsibility to provide complete and accurate information and failure to disclose material information may invalidate your claim and render your policy void. Cornmarket Financial Services is remunerated by commission from product producers or lenders on the completion of business. You may choose to pay in full for our services by means of a fee which we will agree in advance of all transactions. Where we receive recurring commission, this forms part of the remuneration for initial advice period.
REGULAR REVIEWS - 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 for your needs. Failure to contact us in relation to changes in your circumstances or failure to request a review, may result in you having insufficient cover and/or inappropriate investments.
DATA PROTECTION - Cornmarket Financial Services 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. The data will be processed only in ways compatible for the purposes for which it was given. 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; which we think may be of interest to you.
Paul Tinney T/A Cornmarket Financial Services is regulated by the Central Bank of Ireland
