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...
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