Adviser fraud protection help launched

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Fee-based IFA support firm threesixty has designed a template security policy to help financial advisers establish measures to tackle fraudsters.

It says the policy, aimed at small to medium sized IFAs, provides a basic overview of the necessary security measures required to protect both electronic data and paper records. Phil Young, partner at threesixty, says: “Security has become an increasingly important issue this year because the Financial Services Authority is putting it higher on the priority list and every IFA needs to have appropriate measures in place.” Although many IFAs have some security in place, threesixty says the template policy provides advisers with a checklist of additional items they might consider and a m...

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