Sports Financial Services Ltd which is an appointed representative of Suttons Independent Financial Advisers Ltd who are authorised and regulated by the Financial Conduct Authority. Suttons Independent Financial Advisers Ltd FCA Register number is 455848.
1. THE FINANCIAL CONDUCT AUTHORITY (FCA)
The FCA is the independent watchdog that regulates financial services. It requires us to give you this document. Use this information to decide if our services are right for you.
2. WHOSE PRODUCTS DO WE OFFER?
✔ We offer products from a range of insurers for Term Assurance, Critical Illness cover and Income Protection Insurance.
✘ We only offer products from a limited number of insurers for Term Assurance, Critical Illness cover and Income Protection Insurance. Ask us for a list of the insurers we offer insurance from.
✘ We only offer the products from a single insurer for Term Assurance and Critical Illness cover.
3. WHICH SERVICE WILL WE PROVIDE YOU WITH?
✘ We will advise and make a recommendation for you after we have assessed your needs for Term Assurance, Critical Illness cover and Income Protection Insurance.
✔ You will not receive advice or a recommendation from us for Term Assurance, Critical Illness cover and Income Protection Insurance. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.
4. WHAT WILL YOU HAVE TO PAY US FOR THIS SERVICE?
✘ A fee.
✔ No fee for Term Assurance, Critical Illness cover and Income Protection Insurance.
No fee for Term Assurance, Critical Illness cover and Income Protection Insurance. In respect of any regular premium policy which we have arranged for you, should you subsequently cease to pay premiums on the policy and in consequence we are obliged to refund the commission that has been paid to us, we reserve the right to charge you a fee representing the amount we have to repay, for a period of up to four years after commencement of the policy. We will confirm the exact amount that will need to be repaid by you and the timescale over which it will need to be repaid in the suitability report we will send you when a recommendation is made. We will not charge any such fee if you exercise your right to cancel in accordance with any cancellation notice sent to you by the life insurance company.
You will receive a quotation which will tell you about any other fees relating to any particular insurance policy.
We will receive commission from a product provider in relation to an insurance product we have arranged for you. The amount of commission is a percentage of the total annual premium and we’ll tell you the amount before we carry out business for you.
5. WHO REGULATES US?
Sports Financial Services Ltd which is an appointed representative of Suttons Independent Financial Advisers Ltd , 114 Northenden Road, Sale Moor, Manchester, M33 3HD which are authorised and regulated by the Financial Conduct Authority. Our FCA Register number is 455848.
Our permitted business is advising on and arranging non-investment insurance contracts.
You can check this on the FCA’s Register by visiting the FCA’s website or by contacting the FCA on 0845 606 1234.
6. WHAT TO DO IF YOU HAVE A COMPLAINT
If you wish to register a complaint, please contact us:
In Writing
Write to The Compliance Manager
Sports Financial Services,
114 Northenden Road
Sale Moor,
Manchester,
M33 3HD
By Phone
0345 5650935
If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.
7. ARE WE COVERED BY THE FINANCIAL SERVICES COMPENSATION SCHEME (FSCS)?
We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.
Long-term Insurance (e.g. Life Assurance)
The maximum level of compensation for claims against firms declared in default is 90% of the claim with no upper limit.
Further information about the compensation scheme arrangements is available from the FSCS.
8. ENDING THIS AGREEMENT
We may terminate this agreement by giving you at least 20 business days’ written notice.
You may terminate this agreement at any time, without penalty. Notice of termination must be given in writing and will take effect from the date of receipt.
Any transactions already initiated will be completed according to this agreement unless otherwise agreed in writing.
You will be liable to pay for any services we have provided before cancellation and any outstanding fees, if applicable.
9. PRODUCT CANCELLATION RIGHTS
Full details of any financial products we recommend to you will be provided in the relevant product information you will receive. This will include information about any product cancellation rights along with any other early termination rights and penalties.
10. AMENDMENTS
From time to time it may be necessary to amend the terms set out in this agreement where it’s not necessary to issue a new agreement. If this is the case we’ll write to you with details of the changes at least 28 business days. State here the amount of notice clients will be given before they are due to take effect. Remember that where a material change is made to the agreement, for example in relation to services or costs, you will need to issue a new agreement.