Wealth managers face ongoing compliance challenge to limit GDPR costs

The General Data Protection Regulation (GDPR), which came into effect on 25 May, aims to modernise data law and give consumers the right to know much more about how their information is used and stored. The introduction of GDPR means all firms will have to implement more stringent practices, ensuring data is better stored with adequate checks and processes in place to protect it. Henry Cazalet: Eight GDPR myths busted Recent research carried out by law firm Wedlake Bell found GDPR was ranked as the most significant piece of regulation in terms of drivers for change in the asset ...