Your Data and Privacy

Vision Financial Strategies Ltd takes the privacy of personal data seriously and the legal and compliant treatment of this data is at the core of our operations. 

The UK Data (Use and Access) Act has changed data protection rules. As an independent advisory firm, we have updated our processes to give you stronger rights, improved complaint workflows and clearer visibility over how your information is handled.

We process your data securely under these new statutory frameworks to protect your financial future. To review the full details, please read our updated Privacy Notice that will be supplied by your Adviser, and is also available upon request.      

Understanding the Data (Use and Access) Act 2025

How the new rules protect your information

The Data (Use and Access) Act 2025 (DUAA) is a new UK law that strengthens how organisations collect, use, and protect your personal and financial information. It gives you more control, more transparency, and more choice over how your data is handled.

This page explains what the changes mean for you and how our firm is preparing.

What is DUAA?

DUAA updates the UK’s data‑protection laws and introduces new standards for secure data sharing and digital identity verification. It also expands the UK’s “Open Banking” system into a wider Open Finance framework, covering more financial products. The aim is simple: to give you clearer rights, stronger protections, and better access to your own financial information.

What this means for you

More control over your data

You will have clearer rights to:

• See what information organisations hold about you
• Ask for corrections
• Request deletion in certain circumstances
• Decide who can access your financial information

You stay in control at all times.

Safer, more secure data sharing

If you choose to share your financial information—for example, with an adviser, lender, or pension provider—DUAA ensures this is done securely and only with your permission.

A better overview of your finances

Open Finance will allow you to securely share information from a wider range of products, including:

• Pensions
• Investments
• Savings
• Insurance
• Mortgages
• Consumer credit

This can help us provide more accurate and personalised advice.

Clearer explanations from firms

Firms must explain in plain English:

• What data they collect
• Why they need it
• Who they share it with
• How long they keep it
• Your rights under the new law

Digital identity made easier

DUAA introduces new Digital Verification Services (DVS). This means you may be able to verify your identity digitally-quickly, securely, and without sending physical documents.

What changes will you see from us?

We have updated our systems and documents to meet the new requirements. You may notice:

• Updated privacy notices
• Clearer explanations about how your data is used
• New options for digital identity verification
• Occasional requests to refresh your consent or preferences

These updates are designed to protect you and improve your experience.

Do you need to do anything?

In most cases, no action is required. We will contact you if we need updated permissions or if any changes affect how we provide our services.

Our commitment to you

We are committed to:

• Protecting your personal information
• Being transparent about how we use your data
• Giving you full control over your choices
• Using your information only to support your financial goals

If you have any questions about how your data is used or about the DUAA changes, our team is here to help.