GDPR and financial advice: The right of erasure

Ramifications for advice firms

clock • 9 min read

In the first of a series of articles based on the initial meeting of the Intelliflo GDPR Working Group to discuss the ramifications of the GDPR for financial advice firms, Rob Walton considers the right to erasure

The right to erasure is a fundamental part of the General Data Protection Regulation (GDPR), enabling individuals to request firms delete them from their records. At its core, this right is based on the notion of ceasing processing where there is not a lawfully justifiable reason to not comply with the request. As an example, if you are receiving emails from a firm you no longer have an interest in, or never had an interest in, you can request they delete your information from their system. The working group highlighted a legal case brought in Spain in 2014 as an example of the respon...

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 Regulation

FCA's Hulme pledges tougher scrutiny and clearer guidance

FCA's Hulme pledges tougher scrutiny and clearer guidance

‘We will go harder and faster’ to drive ‘good growth’

Sahar Nazir
clock 07 May 2025 • 3 min read
FOS complaints rise 49% as investment disputes surge

FOS complaints rise 49% as investment disputes surge

Over 140,000 cases were lodged in H2 2024

Sahar Nazir
clock 06 May 2025 • 2 min read
Dennis Hall's open letter to the FCA: Time to retire RU64

Dennis Hall's open letter to the FCA: Time to retire RU64

'The rule is particularly misaligned with client expectations'

Dennis Hall
clock 01 May 2025 • 2 min read