Terms of use

The site (the “website”) is made available by the Asset Management Exchange (“AMX”). The Asset Management Exchange and AMX are trading names of Towers Watson Investment Management Limited, a limited liability company registered in England and Wales, No. 5534464 with its registered office at Watson House, London Road, Reigate Surrey RH2 9PQ. Towers Watson Investment Management Limited is authorised and regulated by the Financial Conduct Authority (registration number 446740).

All content, information and software provided on and through the website (“content”) may be used solely under the following terms and conditions (“Terms of Use”) and the important notice set out here (“the Important Notice”).

YOUR USE OF THIS WEBSITE CONSTITUTES YOUR ACCEPTANCE OF THESE TERMS OF USE AND THE IMPORTANT NOTICE. IF YOU DO NOT AGREE TO THESE TERMS OF USE AND THE IMPORTANT NOTICE, YOU SHOULD IMMEDIATELY DISCONTINUE YOUR USE OF THIS WEBSITE. WE RECOMMEND YOU PRINT A COPY OF THESE TERMS OF USE AND THE IMPORTANT NOTICE FOR YOUR FUTURE REFERENCE.

1. Website Licence.

As a user of this website, you are granted a non-exclusive, non-transferable, revocable, limited licence to access and use the website and content in accordance with these Terms of Use. AMX may terminate this licence at any time for any reason.

2. Limitations on Use.

The content on this website is for personal use only and not for commercial exploitation. You may use this website for your own personal use or your organisation’s internal use only. You may not decompile, reverse-engineer, disassemble, rent, lease, loan, sell, sub-license or create derivative works from the website or the content. Nor may you use any network monitoring or discovery software to determine the website architecture, or extract information about usage or users. You may not use any robot, spider, or other automatic or manual device or process to monitor or copy the website or the content without AMX’s prior written permission. You may not print, download, copy, modify, reproduce, republish, distribute, display, or transmit for commercial, nonprofit or public purposes all or any portion of the website, except to the extent permitted in these Terms of Use. You may not use or otherwise export or re-export the website or any portion thereof, the content or any software available on or through the website in violation of any export control laws and regulations. Any unauthorised use of the website or the content is prohibited.

3. Your details and information.

We will only use your personal information as set out in our (“the Privacy and Cookies Policy“)

4. Not Professional Advice.

The website and the content do not constitute accounting, broking, consulting, investment, insurance, legal, tax or any other type of professional advice, and should be used only in conjunction with the services of appropriate professional advisors who have full knowledge of the user’s situation. The material on this website has been prepared for informational purposes only and does not constitute an offer, or a solicitation of an offer, to buy or sell any security or financial instrument, or to participate in any investment strategy. The accuracy, completeness, adequacy or currency of the website or the content is not warranted or guaranteed. The investment vehicles described herein may be construed as high risk and may experience substantial or sudden loss, including total loss of invested capital. Your use of the content, the website or materials linked from the website is at your own risk.

5. Compliance with laws in your jurisdiction.

Persons who access this website are deemed to do so on their own initiative and are responsible for compliance with all applicable laws. Materials from this website may be subject to controls imposed by law, and may not be exported to any jurisdiction or to anyone prohibited by law. AMX expressly prohibits the downloading or exporting of material from this website in violation of the laws of any applicable jurisdiction. By downloading material from this website, you warrant that you are doing so in full compliance with the laws of the England and Wales and your resident jurisdiction, if different.

6. Not an offer of securities.

Under no circumstances should any material on this website be used or considered as an offer to sell, or a solicitation of an offer to buy, any interest in any investment fund sponsored or managed by Towers Watson Investment Management Limited or its affiliates. Any such offer or solicitation can and will be made only by means of appropriate offering documents (Prospectus and Supplement) for each such investment fund, only in jurisdictions in which such an offer would be lawful and only to individuals who meet the investor suitability and sophistication requirements of each such investment fund. Access to information about the investment funds is similarly limited to individuals who meet the applicable investor suitability and sophistication requirements set forth in their respective resident jurisdictions.

7. Intellectual Property Rights.

All content, unless otherwise indicated, is protected by law including, but not limited to, copyright, trade secret, database rights, patent and trade mark law, as well as other national and international laws and regulations. All intellectual property rights in the website and the content remain at all time the property of AMX and/or its licensors. Except as expressly provided in this Terms of Use or the website, AMX does not grant any express or implied rights to you under any patent, copyright, trade mark, database right or trade secret information or other intellectual property right. Accordingly, any unauthorised use of the website or the content may violate copyright laws, trade mark laws, database right laws, patent laws, trade secret laws, or laws relating to privacy and confidentiality.

By submitting content to a forum or any other portion of the website, you automatically grant AMX and Willis Towers Watson plc and its other affiliate companies (together “Willis Towers Watson”) a royalty-free, perpetual, irrevocable, non-exclusive right and licence to use, reproduce, modify, adopt, publish, edit (for length or clarity), translate, create derivative works from, distribute, redistribute, transmit, perform and display such content (in whole or in part) worldwide and/or to incorporate it in other works in any form, media or technology now known or later developed for the full term of any rights that my exist in such content. Willis Towers Watson reserves the right to remove any content submitted to the website at any time for any reason.

8. Website Content.

You may print off one copy, and may download extracts, of any page(s) from the website for your personal use and you may draw the attention of others within your organisation to content posted on the website. You must not modify the paper or digital copies of any materials you have printed off or downloaded in any way, and you must not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text. AMX’s status (and that of any identified contributors) as the authors of content on the website must always be acknowledged. You must not use any part of the content on the website for commercial purposes without obtaining a licence to do so from AMX or our licensors. If you print off, copy or download any part of the website in breach of these terms of use, your right to use the website will cease immediately and you must, at AMX’s option, return or destroy any copies of the materials you have made.

9. Uploading content.

Whenever you make use of a feature that allows you to upload content to the website (a “Contribution”), or to make contact with other users of the website, you must comply with the following content standards (the “Content Standards”):

  • A Contribution must:
    • Be accurate (where it states facts).
    • Be genuinely held (where it states opinions).
    • Comply with the law applicable in England and Wales and in any country from which it is posted.
  • A Contribution must not:
    • Be defamatory of any person.
    • Be obscene, offensive, hateful or inflammatory.
    • Promote sexually explicit material.
    • Promote violence.
    • Promote discrimination based on race, sex, religion, nationality, disability, sexual orientation or age.
    • Infringe any copyright, database right or trade mark of any other person.
    • Be likely to deceive any person.
    • Breach any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
    • Promote any illegal activity.
    • Be in contempt of court.
    • Be threatening, abuse or invade another’s privacy, or cause annoyance, inconvenience or needless anxiety.
    • Be likely to harass, upset, embarrass, alarm or annoy any other person.
    • Impersonate any person, or misrepresent your identity or affiliation with any person.
    • Give the impression that the Contribution emanates from AMX or Willis Towers Watson, if this is not the case.
    • Advocate, promote, incite any party to commit, or assist any unlawful or criminal act such as (by way of example only) copyright infringement or computer misuse.
    • Contain a statement which you know or believe, or have reasonable grounds for believing, that members of the public to whom the statement is, or is to be, published are likely to understand as a direct or indirect encouragement or other inducement to the commission, preparation or instigation of acts of terrorism.
    • Contain any advertising or promote any services or web links to other sites.

You warrant that any such Contribution does comply with those Content Standards, and you will be liable AMX and indemnify AMX for any breach of that warranty. This means you will be responsible for any loss or damage AMX suffers as a result of your breach of warranty. Any content you upload to the website will be considered non-confidential and non-proprietary. You retain all of your ownership rights in your content, but you are required to grant us the rights to use, store and copy that content described in section 6 of these Terms of Use.

AMX has the right to remove any Contribution you make on the website if, in AMX’s opinion, your Contribution does not comply with the Content Standards and/or these Terms of Use. You are solely responsible for securing and backing up your Contribution.

10. Errors and Corrections.

AMX does not represent or warrant that the website will be error-free, free of viruses or other harmful components, or that defects will be corrected. AMX does not warrant or represent that the content and any information available on or through the website will be correct, accurate, timely or otherwise reliable. AMX may make changes to the content or the website at any time.

11. Third-Party content.

Third-party content may appear on or be accessible from the website. AMX is not responsible for and assumes no liability for any third-party content. The website may provide access or links to other sites operated by third parties on the Internet. In each case, you are responsible for locating, reading and adhering to the terms of use of each third-party site you visit.

12. DISCLAIMER.

THE WEBSITE AND THE CONTENT IS PROVIDED ON AN “AS-IS” BASIS. WILLIS TOWERS WATSON EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. WILLIS TOWERS WATSON DISCLAIMS ALL RESPONSIBILITY FOR ANY LOSS, INJURY, CLAIM, LIABILITY OR DAMAGE OF ANY KIND RESULTING FROM, ARISING OUT OF OR ANY WAY RELATED TO: (A) ANY ERRORS IN OR OMISSIONS FROM THIS WEBSITE AND THE CONTENT, INCLUDING BUT NOT LIMITED TO TECHNICAL INACCURACIES AND TYPOGRAPHICAL ERRORS; (B) ANY THIRD-PARTY WEBSITES OR CONTENT THEREIN DIRECTLY OR INDIRECTLY ACCESSED THROUGH LINKS IN THIS WEBSITE, INCLUDING BUT NOT LIMITED TO ANY ERRORS IN OR OMISSIONS THEREFROM; (C) THE UNAVAILABILITY OF THE WEBSITE OR ANY PORTION THEREOF; (D) YOUR USE OF THIS WEBSITE; OR (E) YOUR USE OF ANY EQUIPMENT OR SOFTWARE IN CONNECTION WITH THE WEBSITE.

13. LIMITATION OF LIABILITY.
WILLIS TOWERS WATSON SHALL NOT BE LIABLE FOR ANY LOSS, INJURY, CLAIM, LIABILITY OR DAMAGE OF ANY KIND RESULTING FROM YOUR USE OF THE WEBSITE OR THE CONTENT. WILLIS TOWERS WATSON SHALL NOT BE LIABLE FOR ANY SPECIAL, DIRECT, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER (INCLUDING, WITHOUT LIMITATION, ATTORNEYS’ FEES) IN ANY WAY DUE TO, RESULTING FROM OR ARISING IN CONNECTION WITH THE USE OF OR INABILITY TO USE THE WEBSITE OR THE CONTENT. TO THE EXTENT THE FOREGOING LIMITATION OF LIABILITY IS PROHIBITED, WILLIS TOWERS WATSON’S SOLE OBLIGATION TO YOU FOR DAMAGES SHALL BE LIMITED TO ONE THOUSAND POUNDS STERLING (£1000).

14. Unlawful Activity.

AMX reserves the right to investigate complaints or reported violations of the Terms of Use and/or the Content Standards and to take any action we deem appropriate.

15. Remedies for Violations.

AMX reserves the right to seek all remedies available at law and in equity for violations of these Terms of Use, including but not limited to the right to block access from a particular Internet address to Willis Towers Watson’s websites and their features or to seek emergency or injunctive relief from the court to protect Willis Towers Watson’s proprietary rights or confidential information.

16. Governing Law and Jurisdiction.

These Terms of Use have been made in and shall be construed and enforced in accordance with the laws of England and Wales without regard to the conflict of law provisions thereof. Any action to enforce this agreement shall be brought only in the courts of England and Wales.

17. Severability of Provisions.

These Terms of Use incorporate by reference any notices contained on the website and the Privacy Policy, Cookie Policy and the Important Notice. Such terms together constitute the entire agreement between you and AMX with respect to access to, and use of, the website. If any provision of these Terms of Use is unlawful, void or unenforceable, or conflicts with any other provision of the Terms of Use, then the unlawful, void, unenforceable or conflicting provision shall be deemed severable from the remaining provisions and shall not affect their validity and enforceability.

18. Modifications to Terms of Use.

AMX reserves the right to change these Terms of Use at any time. Updated versions of the Terms of Use will appear on this website and are effective immediately. You are responsible for regularly reviewing the Terms of Use. Continued use of the website after any such changes constitutes your acceptance of such changes.

Copyright © 2019 Towers Watson Investment Management Limited. All rights reserved.

Except as expressly set out herein, no part of this website may be reproduced or transmitted in any form or by any means, electronic or mechanical, which includes but is not limited to facsimile transmission, photocopying, recording, rekeying or using any information storage or retrieval system, without express written permission from the copyright owner. Requests for permission or further information should be directed to the Webmaster.

Best Execution and Order Handling Policy

Conflicts of Interest External Disclosure Statement