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ANORAK TERMS AND CONDITIONS OF ADVICE

These Terms of Advice tell you about the basis on which we provide our regulated
services.
Anorak team
Last updated: 6 October 2021



IN THIS GUIDE

 * Our terms and conditions of advice
 * Other applicable terms
 * Information about us
 * Online and offline advice
   


OUR TERMS AND CONDITIONS OF ADVICE

Please read these Terms of Advice carefully before you use our recommendation
service, as these will apply to (i) our services; and (ii) your relationship
with certain third parties. We recommend that you print a copy of this for
future reference. You may request a copy of these Terms of Advice to be sent to
you by post. Where you have done so, we are still entitled to rely on these
Terms of Advice in the course of providing our services to you through our
website.


OTHER APPLICABLE TERMS

These Terms of Advice refer to the following additional terms, which also apply
to your use of our website:

 * Our Privacy & Data Policy, which sets out the terms on which we process any
   personal data we collect from you, or that you provide to us. By using our
   website, you consent to such processing and you warrant that all data
   provided by you is accurate.
 * Our Website Terms of Use, which set out the terms on which you may access our
   website and other services.


INFORMATION ABOUT US

anorak.life is a site operated by Anorak Technologies Limited trading as Anorak
(Anorak, we or us or our). We are a company registered in England and Wales
(company number 10854345) and our registered address is 24 Old Queen Street,
London, SW1H 9HP. You should write to us at Anorak Technologies, 60 Gray's Inn
Road, London, WC1X 8AQ or email us at info@anorak.life.

Anorak is a trading name of Anorak Technologies Limited (FRN: 843798), which is
authorised and regulated by the Financial Conduct Authority (FCA). You can find
further details on the FCA’s Financial Services Register.


WHO ARE WE OWNED BY?

Anorak Technologies Limited is owned by a series of institutional international
investors.


WHAT DO WE DO?

We are permitted to advise on and arrange (bring about) deals in non-investment
and general insurance contracts.

We help you understand your requirements for term life, family income benefit,
income protection and critical illness insurance with personalised advice by
carefully and selectively using personal, financial, third-party, and open
source data. Based on the information you give us, we may provide you with
recommendations about specific policies and insurers that are tailored to your
needs, or we may direct you to specific products which we feel might be better
suited to your objectives and needs. We may also follow up any recommendations
provided online with an email informing you of your protection needs, as well as
a phone call to discuss your needs directly with an Anorak adviser. This means
we act as an insurance intermediary. We do not provide or underwrite any
insurance ourselves.


ONLINE AND OFFLINE ADVICE

Whether a recommendation is made to you online or on the phone with one of our
advisers, it will be considered regulated advice, as defined by the FCA. That
means it will be suitable for your needs as we understand them.

Any recommendation you receive from Anorak, whether online or on the phone, will
be based on our understanding of the insurance market, your needs as they are
today (if any), and how they may change with time. Importantly, we believe that
any recommendation will be intrinsically shaped by the professional judgement of
the adviser making the recommendation to you, whether that be online or over the
phone. We define professional judgement as the quality and experience of the
adviser, and here at Anorak it is based on extensive market research, actuarial
science, product-testing and, of course, real-life experience of advising
customers.

We believe that our protection advice is streamlined: at its simplest, that
means we have made some professional judgements on your behalf. We have not
listed out the professional judgments that we consider when advising you,
whether online or on the phone, partly because not all of these will be relevant
for you, but mostly because we do not believe that it will be that helpful
(there are a lot and they may seem confusing out of context).

The nature of the dialogue we are able to have with you online is such that we
have to make a larger number of these judgments on your behalf (albeit shaped by
your circumstances, needs and, where relevant, risk appetite) than we might need
to on the phone. We recognise that you may want more information on what these
judgements are and why we believe that they are appropriate for you; we also
accept that after having seen our advice online you may want to challenge some
of them – which is, of course, fine. Please feel free to contact one of our
advisers directly and we would be happy to discuss your needs further with you.
Our number is 020 3514 6702.


CONFLICTS OF INTEREST

Where we do provide you with a recommendation, this will always be what we think
best meets your requirements. We value our independence and do not promote any
specific insurer.

We have a legal and regulatory obligation to take all appropriate steps to
identify and to prevent or manage conflicts of interest from arising. In the
event of any of our business interests or activities creating a potential
conflict of interest we will ensure that we take all appropriate steps to manage
the potential conflict by maintaining robust systems, controls and staff
training. In the unlikely event that we are unable to prevent the potential
conflict, we will fully disclose to you, the general nature and/or sources of
conflicts of interest and the steps taken to mitigate those risks.

Further details of our conflict of interest policy are available upon request.


IS OUR ADVICE INDEPENDENT?

We offer a personal recommendation on the basis of a fair and personal analysis
of the market. We act for you, our customer, not the insurers. In doing so, we
will undertake a fair and personal analysis of the market to provide you with a
recommendation that meets your demands and needs. We will regularly review our
arrangements to ensure that the insurers and the policies we offer are
representative of the market.

We classify all clients as ‘consumers’ for non-investment insurance business,
which means you are afforded all protections under the rules of the Financial
Conduct Authority.

Should we need to classify you differently we will discuss this with you,
however, you should be aware that you may lose a number of regulatory
protections which will be outlined in a revised agreement.

Prior to providing you with any advice we will take time to understand your
current needs, circumstances and attitude to risk (where applicable). Any advice
provided will be confirmed to you in writing. Please note that all our
communications and documents will be provided to you in English.

Information on how we make our money is set out in the section on Fees, charges
and our remuneration.


PROVIDING INFORMATION TO US

To provide you with our recommendation and any quotes for insurance, we will ask
you a number of questions which cover the questions needed by the different
underlying insurance providers and any other intermediaries they may use.

Please take care to answer all the questions honestly and to the best of your
knowledge in order that we may provide you with a personal recommendation and to
prevent any policy you do take out from being cancelled.

In providing information to us, you confirm that you have the permission of any
other people whose details you propose to use in obtaining a quote. This is
especially important when its comes to sensitive data like health information.


INSUFFICIENT INFORMATION

In certain circumstances we may not be able to obtain adequate information from
you or other sources to provide you with a personalised recommendation. If this
is the case, we may decline to provide you with a recommendation and any quotes.
Alternatively, we may elect to provide you with advice but it will not
constitute a personal recommendation.


HOW WE OBTAIN QUOTES

We use a third-party provider called IRESS Portal Limited (IRESS) to obtain the
initial quotes that we present to you through the website.

IRESS Portal Limited, incorporated registered in England and Wales with company
number 02596452, whose registered office is at 1 Kingmaker Court, Warwick
Technology Park, Gallows Hill, Warwick, CV34 6DY.


THE VALIDITY OF QUOTES

We do not control the price, length of offers or special conditions relating to
insurance quotes that we provide to you. These are set by the insurer. We cannot
guarantee that you will be able to purchase the insurance policy for the price
quoted and we do not accept any liability for any loss resulting from any change
to the price, availability or validity of a quote. If you obtain a quote through
Anorak, you may see how long it is valid for or any special terms by following
the provided links.

Our advice to you is based upon indicative quotes and any quote is subject to
any additional information an insurer may require from you in relation to your
health or lifestyle which may ultimately affect your premium. You will be given
a price prior to purchasing any policy but please note that premiums may rise
during the term of policy.


FEES, CHARGES AND OUR REMUNERATION

You do not have to pay Anorak any fees to use our services. When you buy a
policy through us, the insurer will pay us a commission for the services we have
provided. Further information can be obtained on request.

Details of any other fees or charges that you may be obliged to pay (for example
administration charges or cancellation fees) are determined by the insurer, not
us, but will be clearly set out before you commit to buying any policy.


COMPLAINTS

We endeavour to provide a first-class service to our customers, but we
acknowledge that there may be occasions where we fail to meet your expectations.
If you feel dissatisfied with any aspect of our service, then in the first
instance please contact customer service at info@anorak.life. We will
immediately carry out an independent investigation of your complaint and will
provide a written response.

If we are unable to resolve your complaint to your satisfaction and you are an
eligible complainant as defined by the Financial Conduct Authority, you will
have recourse to the Financial Ombudsman Service. Details of the Financial
Ombudsman Service are:

The Financial Ombudsman Service
Exchange Tower
London E14 9SR

complaint.info@financial-ombudsman.org.uk

020 7964 1000 (switchboard)
+44 20 7964 1000 (for calls from outside the UK)
020 7964 1001 (main fax)

0800 023 4 567 – Calls to this number are now free on mobile phones and
landlines
0300 123 9 123 – Calls to this number cost no more than calls to 01 and 02
numbers


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 to you. This depends on the type of business
and the circumstances of the claim.

Claims in relation to certain failings in arranging life or income protection
insurance are covered for 100% of the claim, without any upper limit.

In all other cases, a claim may be restricted to 90% of the value of the claim,
without any upper limit.

Further information about compensation scheme arrangements is available from the
FSCS at www.fscs.org.uk or by telephoning 0800 678 1100.

--------------------------------------------------------------------------------

Anorak terms and conditions of advice: 2nd June 2021


NEED HELP?

Our team of advisers is here to answer your questions, explore your options, and
help get you the right cover.

020 3514 6702

Mon-Fri 9.30am-6pm



LET’S GET YOU THE RIGHT COVER

LIFE INSURANCE. INCOME PROTECTION. CRITICAL ILLNESS COVER.

Get started now



NEED HELP?

--------------------------------------------------------------------------------

CALL OUR ADVISERS

Mon-Fri 9.30am-6pm


020 3514 6702



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LONDON OFFICE

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60 Grays Inn Rd
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WC1X 8AQ

FARNBOROUGH OFFICE

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Abbey House
282 Farnborough Rd
Farnborough
GU14 7NA

© 2022 Anorak Anorak is a trading name of Anorak Technologies Limited (FRN:
843798), which is authorised and regulated by the Financial Conduct Authority
(FCA).
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