This document shall be governed by and construed in accordance with the law of England and Wales and is subject to the exclusive jurisdiction of the English Courts. The information, products and services referred to in this publication are not directed at any person or entity in any jurisdiction or country outside the United Kingdom.
The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment. Past performance is not necessarily a guide to future performance. Where an investment involves exposure to a foreign currency, changes in rates of exchange may cause the value of the investment, and the income from it, to go up or down. In the case of some investments, you should be aware that there is no recognised market for them, and that it may therefore be difficult for you to deal in them or for you to obtain reliable information about their value or the extent of the risks to which they are exposed. Certain investments carry a higher degree of risk than others and are, therefore, unsuitable for some investors. It may be possible to lose all your initial capital in certain types of investments. Before contemplating any transaction, you should consider whether you require financial advice, which we would be pleased to provide upon request.
The information in this website is not intended as an offer or solicitation to buy or sell securities or any other investment or banking product, nor does it constitute a personal recommendation.
Ifamax Limited uses reasonable care to make sure that the information and material appearing on this website is accurate and up-to-date. However, errors and omissions may occur and the user should not take the accuracy of the information and material for granted or rely upon it as a statement or representation of fact. If users are in any doubt they should check directly with Ifamax Limited.
The information and material on all of the pages of this website is provided as a general illustration of Ifamax Limited and the services it offers. The information and material contained herein is not intended to and neither does it create any business, contractual or employment relationship and neither is it supplied for any other purpose not explicitly stated.
Ifamax Limited has no control over the use to which the information and material provided on all of the pages of this website may be put by the user.
Access to the Ifamax website is solely at the user’s risk and accordingly Ifamax Limited, its principals, employees, or agents, shall not be liable for any loss of profits or contracts or any other indirect or consequential loss or damage arising out of or in connection with the use of such information and material or of its access on this website whether by corruption, virus or otherwise.
Ifamax Limited EXPRESSLY DISCLAIMS ANY AND ALL GUARANTEES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING ANY GUARANTEE OF FITNESS OF THE INFORMATION OR MATERIAL FOR A PARTICULAR PURPOSE.
The Ifamax Limited website including the content of the pages is subject to English law.
This policy governs how we treat information obtained by us, either from your use of this website or through the delivery of our services to you.
Collection of personal information
Use and disclosure of information
We process your information:
To deal with your enquiries and requests.
To market our services to you directly. If you opt to receive general mailings from us we may contact you by letter, e-mail or telephone.
To manage our business
We are committed to dealing with your personal and corporate information fairly and lawfully.
We will only disclose information to members of our staff and to third parties necessarily involved in the maintenance and updating of this website (see under confidentiality).
If you contract with us for specific services, our agreement with you will also detail strict non-disclosure and confidentiality clauses. All parties to any potential transaction are required to agree to these.
Ifamax Limited respects your commercial and personal confidence. This Confidentiality Policy (‘Policy’) represents our commitment to the protection of your confidence through the embodiment of fair information practices, both manual and electronic. Our Policy places you, as an individual and/or organisation, in control of how your information is processed. We promise that we will not process your information, either manually or electronically in any way that is incompatible with this Policy.
This policy protects your confidence by:
Informing you about the types of information Ifamax Limited collects about you, either through our Website or during the course of our business; How we collect that information; The general purposes for which we collect such information; The types of organisations to which we disclose information; And the choices and means by which individuals and corporations may limit its use and disclosure.
Assuring you that Ifamax Limited takes reasonable precautions to protect information from loss, misuse, unauthorised access, disclosure, alteration or destruction; Implements reasonable policies and procedures to ensure that any and all information is kept only for the purposes for which it has been gathered; Uses reasonable measures to ensure that we have accurately and completely recorded the information you have provided; and provides you reasonable access to your information as well as procedures for correcting or modifying that information where appropriate.
The information we receive from or about you is stored on systems designed to prevent the loss, misuse, unauthorised access, disclosure, alteration or destruction of that information. Although we take all appropriate steps to protect any information which you provide to us, you will understand that in also using the Internet to collect some information, this necessarily involves data being sent internationally.
By using the website and/or exchanging e-mails with us we shall take it that you agree to our processing your information in this way. If you are in any doubt about supplying information then we readily accept phone calls and written correspondence (with or without special delivery or courier status).
Third party communications
Under no circumstances do we share data with third parties unless you, the Client, provide prior and specific authorisation to release agreed profile information to one or more specified parties.
How we put information to good use
We use information about you and your organisation for the purposes of performing the services you have instructed us to do, as well as to ensure that we: (i) administer your account in accordance with your expectations, and (ii) monitor, and improve on, our internal operations properly.
Our business may use general contact information concerning our registered Clients in our own internal directory service, a resource for locating information about companies within our sector of operations.
Finally, we use the information we collect to direct important notices and information affecting your account or services, as well as to provide you with general information that may be of interest to you, including newsletters, surveys and information about our service offerings. You may opt-out of receiving such general information from us simply by notifying us of your desire in accordance with the opt-out instructions contained in any information message you receive from us. However, please note that, in order to fulfill our specific service obligations to you, we will continue to send you notices and other important information that affect our agreement with you.
Our accountability to you
By registering for our services, you obtain the protections of, and consent to, the data processing practices described in this Confidentiality Policy. When you purchase our services you also represent to us that you have provided notice to, and obtained consent from, any third party individuals whose confidential information you supply to us with regard to: (i) the purposes for which such third party’s data have been collected, (ii) the intended recipients or categories of recipients of the third party’s confidential information, (iii) how the third party can access and, if necessary, modify the data held about them.
In addition to the privacy protections that we provide, our employees and business partners are independently responsible for ensuring compliance with this Confidentiality Policy, as described below.
Only those Ifamax Limited employees that have a legitimate business purpose for accessing and handling confidential information obtained by us are given authorisation to do so. The unauthorised access or use of such information by an Ifamax employee is prohibited and constitutes grounds for disciplinary action.
Additionally, our information management systems are configured in such a way as to block or inhibit employees from accessing information that they have no authority to access.
Accountability of Ifamax Limited business partners
From time to time trusted business partners may be responsible for processing or handling some of the information that we receive. Full disclosure of all such partners with authority to view your information will be made to you during the normal course of our service delivery. These partners are not authorised to use your information for purposes beyond those specified by us and are required to preserve the confidentiality with which we treat such information.
If you feel that Ifamax Limited, or any of our partners or employees, is violating this Confidentiality Policy, please contact us.
We use Google’s Analytics service to gather anonymous traffic statistics when you visit our website. Google use several cookies for this purpose. No personal information about you is stored, apart from the IP address that you are using.
Ifamax VAT Policy
VAT could be applied to the fees & commissions that are received in respect of work carried out for clients. We have based our VAT policy on the Association of British Insurers (ABI) guidance for determining the VAT liability of adviser remuneration 2010. When receiving a commission or fee for arranging a product and the initial and on-going service was a direct result of our advice (and no separate advice fee was payable) the entire cost is VAT exempt. Products we arrange in this fashion include: Venture Capital Trusts, Enterprise Investment Schemes, Business Property Renovation Allowance, Annuities and any form of Life cover. (ABI flow diagram A) Areas that are applied to adviser charging as opposed to commission include Personal Pensions, SIPPs, SSAS, ISAs, Offshore bonds and Personal Investment Portfolios the adviser charge is only payable if there is a sale therefore it will be VAT exempt. This is outlined in our Treating Customers Fairly document. (ABI flow diagram B) In relation to the Ifamax Partner Service (as outlined on the previous page) a regular review meeting which predominantly covers portfolio management of a product arranged under adviser charging, is also exempt if it was carried out as an ancillary part of an existing single contract for both initial and ongoing services which was not liable to VAT. (ABI flow diagram C) In the event that we receive the fee and no product purchase was involved (or was a trivial part of our advice process) then VAT would be liable. However, since the fees we charge for this service are below the VAT limit, there is no VAT payable.