Trigger Candidate Notification X Days after Last Activity

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Is it possible to set up a correspondence to candidates that automatically triggers a certain number of days since their last submission or activity? Specifically, we're looking for a way to ask candidates if we have their consent to retain their data. We would want to send this correspondence 1 year after either their last submission or activity. 

If this is not possible to create via usual correspondence settings, is it possible to do via TCC? Has anyone set anything like this up?