Marilyn Cole: Congratulations on your latest job - data controller

Business opportunities of GDPR

clock • 5 min read

Meeting the demands of the forthcoming EU-wide General Data Protection Regulation may be a new and unwelcome cost of doing business but, says Marilyn Cole, there will also be opportunities for advisers

Financial advisers are on the verge of gaining another unsought-after role to add to the half dozen they already have - this time in the realm of data protection. As ‘data controllers', they face a wide range of new obligations in terms of the client data they use and share with partner firms. At the start of August, advisers may well have noted the headlines about the government promising a new Data Protection Act, with the aim of enshrining a ‘right to be forgotten' - and the suggestion individuals and especially young people could be given the right to scrub past indiscretions from so...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Titan Wealth ex-employee faces trial over alleged harassment

Titan Wealth ex-employee faces trial over alleged harassment

Marian Okunola pleads not guilty to charges of harassment via emails

Sahar Nazir
clock 12 November 2024 • 1 min read
Campaign group calls on chancellor to address 'trust deficit' in financial services

Campaign group calls on chancellor to address 'trust deficit' in financial services

Ahead of Rachel Reeves’ Mansion House speech on 14 November

Isabel Baxter
clock 12 November 2024 • 3 min read
Half of advisers say AI beats ESG and regulation for future business impact - study

Half of advisers say AI beats ESG and regulation for future business impact - study

Nearly half of advisers believe AI will provide personalised insight and automation

Isabel Baxter
clock 12 November 2024 • 1 min read