Privacy Policy

Effective Date: 01/01/2024
Last Updated: 24/07/2025

1. Introduction

This Privacy Policy (“Policy”) governs the collection, use, processing, and handling of information by the operators of pensiondrawdowncalculator.com (“Site” or “Service”) on behalf of TFE Group Ltd, a company incorporated in Scotland (“TFE Group,” “we,” “us,” or “our”). This Policy is governed by and construed in accordance with the laws of Scotland, and any disputes shall be subject to the exclusive jurisdiction of the Scottish courts.

By accessing or using pensiondrawdowncalculator.com, you (“User” or “you”) acknowledge that you have read, understood, and agree to be bound by this Privacy Policy.

2. Information We Do NOT Collect

We explicitly do NOT collect, store, or process any personally identifiable information (PII), including but not limited to:

Names (real names, usernames, or aliases)
Email addresses
Physical addresses
Telephone numbers
Any other information that could reasonably identify a specific individual

3. Information We DO Collect

3.1 Non-Personal Data

We collect only non-personally identifiable information, including but not limited to:

Session data and user interactions
Device and browser information (in anonymized form)
Usage patterns and analytics data
Content, text, data, files, or other materials submitted through the Site (“User Content”)

3.2 Session Identifiers

We may generate and assign temporary session identifiers or user identifiers consisting of randomly generated strings or codes. These identifiers:

Are not linked to any personally identifiable information
Cannot be used to identify specific individuals
Are used solely for technical purposes including data organization and analysis
May be retained and used for data refactoring and analytical purposes

4. Perpetual and Transferable License Grant to TFE Group Ltd

4.1 Primary License Grant

BY USING PENSIONDRAWDOWNCALCULATOR.COM AND SUBMITTING ANY DATA, CONTENT, OR INFORMATION, YOU HEREBY GRANT TO TFE GROUP LTD A PERPETUAL, IRREVOCABLE, WORLDWIDE, ROYALTY-FREE, NON-EXCLUSIVE, TRANSFERABLE, AND SUBLICENSABLE LICENSE TO:

Use, copy, modify, adapt, publish, translate, distribute, perform, display, and create derivative works from any and all data, content, or information submitted to or collected through the Site
Commercially exploit such data in any manner whatsoever
Sell, license, transfer, or otherwise monetize such data to third parties
Combine, aggregate, or merge such data with other datasets
Use such data for machine learning, artificial intelligence, research, development, or any other purpose
Store such data indefinitely without limitation

4.2 Retained Rights and Transferability

TFE Group Ltd retains the following perpetual and unlimited rights:

4.2.1 Unlimited Usage Rights in Perpetuity

TFE Group Ltd retains unlimited rights to use all collected data for any lawful purpose indefinitely, including but not limited to:

Internal business operations and analytics
Product development and improvement
Research and development activities
Commercial exploitation and monetization
Integration with other TFE Group Ltd services and products

4.2.2 Right to Share Aggregated and Anonymized Data

TFE Group Ltd expressly retains the unlimited right to:

Create aggregated datasets from collected information
Anonymize data through statistical or technical methods
Share, distribute, sell, or license such aggregated and anonymized data to any third party
Use aggregated and anonymized data for benchmarking, industry analysis, or commercial purposes
Combine anonymized data with other datasets to create derivative analytical products

4.2.3 Transferable Rights

All rights granted to TFE Group Ltd under this Policy are fully transferable, meaning TFE Group Ltd may:

Transfer all or any portion of these rights to subsidiaries, affiliates, or related entities
Assign these rights in connection with any merger, acquisition, or sale of business assets
License these rights to third parties while retaining the underlying rights
Sublicense any rights to partners, contractors, or service providers

4.3 Survival of Rights

All rights granted to TFE Group Ltd shall survive any:

Termination of your use of the Site
Changes to this Privacy Policy
Corporate restructuring or change of control of TFE Group Ltd
Transfer or assignment of rights to third parties

4.4 Waiver of Rights

You expressly waive and relinquish any and all rights, including but not limited to:

Moral rights and rights of attribution
Rights to withdraw consent for data use
Rights to data portability or deletion
Any claims to ownership of derivative works created from your data
Any claims to compensation for aggregated or anonymized data usage

4.5 No Compensation

You acknowledge and agree that you shall receive no compensation, payment, or attribution for any use of data submitted through pensiondrawdowncalculator.com, regardless of any commercial value derived therefrom, including any value derived from aggregated or anonymized datasets.

5. Data Usage and Monetization by TFE Group Ltd

5.1 Unlimited Use Rights

TFE Group Ltd reserves the right to use all collected data for any lawful purpose, including but not limited to:

Commercial sale or licensing to third parties
Research and development activities
Creation of datasets, analytics products, or insights
Machine learning model training and development
Marketing and business intelligence
Integration with other TFE Group Ltd services and platforms
Any other commercial or non-commercial purpose

5.2 Third Party Transfers and Partnerships

TFE Group Ltd may sell, transfer, license, or otherwise provide access to collected data to any third party without restriction, including:

Data brokers and analytics companies
Research institutions and academic organizations
Commercial entities for any lawful purpose
Government entities as required by law
Partners and affiliates of TFE Group Ltd

5.3 Aggregated and Anonymized Data Sharing

TFE Group Ltd specifically retains unlimited rights to:

Create industry benchmarks and reports using aggregated data
Share anonymized usage patterns and trends with partners
Sell aggregated datasets to third parties for commercial purposes
Publish research or insights based on anonymized data analysis
Use aggregated data for competitive analysis and market research

6. Data Security and Retention

6.1 Security Measures

While we implement reasonable security measures to protect collected data, you acknowledge that no system is completely secure and we cannot guarantee absolute security.

6.2 Indefinite Retention by TFE Group Ltd

All data collected through pensiondrawdowncalculator.com may be retained indefinitely by TFE Group Ltd at our sole discretion. TFE Group Ltd is under no obligation to delete, anonymize, or otherwise modify collected data at any time, and retains the right to continue using such data even after:

7. Legal Basis for Processing

Under UK GDPR and Scottish law, TFE Group Ltd’s legal basis for processing non-personal data is our legitimate interest in operating and improving our business, conducting research, and developing commercial products and services.

8. User Representations and Warranties

By using pensiondrawdowncalculator.com, you represent and warrant that:

You have the legal right and authority to submit any data to the Site
Your use of the Site does not violate any applicable laws or regulations
You understand and accept the perpetual license terms granted to TFE Group Ltd outlined herein
Any data submitted does not infringe upon the rights of third parties
You consent to TFE Group Ltd’s retention and use of unlimited rights in perpetuity
You understand that TFE Group Ltd may share aggregated and anonymized data without restriction

9. Indemnification

You agree to indemnify, defend, and hold harmless TFE Group Ltd, its officers, directors, employees, and agents from and against any claims, damages, losses, costs, or expenses arising from your use of pensiondrawdowncalculator.com or breach of this Policy.

10. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY SCOTTISH LAW, TFE GROUP LTD SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR PUNITIVE DAMAGES ARISING FROM OR RELATED TO YOUR USE OF PENSIONDRAWDOWNCALCULATOR.COM OR THIS PRIVACY POLICY.

11. Governing Law and Jurisdiction

This Policy shall be governed by and construed in accordance with the laws of Scotland. Any disputes arising under or in connection with this Policy shall be subject to the exclusive jurisdiction of the courts of Scotland.

12. Changes to This Policy

We reserve the right to modify this Privacy Policy at any time without prior notice. Changes become effective immediately upon posting to pensiondrawdowncalculator.com. Your continued use of the Site following any changes constitutes acceptance of the revised Policy and any expanded rights granted to TFE Group Ltd.

13. Severability

If any provision of this Policy is deemed invalid, illegal, or unenforceable, the remaining provisions shall remain in full force and effect.

14. Entire Agreement

This Privacy Policy, together with our Terms of Service, constitutes the entire agreement between you and TFE Group Ltd regarding the privacy and use of data collected through pensiondrawdowncalculator.com.

15. Contact Information

For questions regarding this Privacy Policy, please contact us at:

TFE Group Ltd
5 South Charlotte Street
Edinburgh, EH2 4AN
Scotland, United Kingdom
Email: hello@tfe.ai

IMPORTANT NOTICE: By accessing or using pensiondrawdowncalculator.com, you acknowledge that you have read, understood, and agree to be bound by this Privacy Policy and grant TFE Group Ltd the extensive rights described herein. If you do not agree to these terms, you must immediately cease using the Site.