Data breaches are ‘endemic' among advisers, according to international certification body Standards International. Alasdair Pal lists the most common errors...
Tales of laptops left on buses are usually reserved for government ministers, not financial advisers, but they can be just as culpable when it comes to keeping client and employee records safe, according to Michelle Hoskin, founder of Standards International. With the FSA bringing in new procedures for handling complaints against firms in July, it has never been more important for firms to have a coherent data policy. Here are five ways advisers can inadvertently land fines or bans – and how to avoid them. Get it in writing All employees need contracts clearly stating who has access...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes