The General Data Protection Regulation (GDPR) is looming large on the horizon now, with 25 May edging ever closer. One of the more keenly debated aspects of the regulation is what firms should do with the data that they hold on individuals. Doing nothing is not an option and processes and procedures for data handling, at a minimum, require reviewing. Beyond that, how should data be handled and processed, and when should it be retained or deleted?
Can you benefit from the General Data Protection Regulation (GDPR)? With the regulation set to bring about fundamental changes to the rights that people have over how their personal data is processed, it is causing the UK financial advice industry a lot of work and, seemingly, a lot of concern.
25 May 2018... it's the deadline that has been looming ever larger on the horizon as firms prepare for the General Data Protection Regulation (GDPR).
The General Data Protection Regulation is fast approaching, with a go-live date of 25 May. Of course, you already knew that, right?
I was absolutely thrilled that Intelliflo was named Best Technology Provider at the 2018 Professional Adviser Awards for a staggering, market leading sixth time – I’d have questioned your sanity had you told me we’d be in this position when we started out in the 2004!
Robert Walton, COO here at Intelliflo, discusses the impact of the General Data Protection Regulation (GDPR) for UK financial advice firms with Jenny Hammond from Asset TV. The below video explores the crucial need for employees of financial advice firms to become aware of the processes and procedures involved with GDPR, which comes into legislation on 25 May 2018.
With the new year in full swing, have you enacted your resolutions? As the world adapts to the technological revolution it is time for IFA’s to digitalise their work as well – that is why 2018 is the year to go digital.
It’s the season of regulatory merriment for financial advice firms at the moment, with MiFID II set for implementation on 3 January 2018 and GDPR closely following on 25 May. There is a lot for firms to consider and there have been countless articles, papers, webinars and blogs (such as this one), highlighting a multitude of perspectives, interpretations and concerns about both.
We recently ran a survey among 270 users of our Intelligent Office practice management system to gauge the readiness of UK financial advisers for the forthcoming General Data Protection Regulation (GDPR). It is, after all, arriving on 25 May 2018.
With the advent of artificial intelligence (AI) and machine learning, there are buzzwords and phrases that are necessary to describe the applications that are starting to become the new norm. One of those phrases is ‘robo advice.’
