As the holders of most client data, many adviser firms will look to their chosen software suppliers for help ensuring compliance with the GDPR - so here Adam Higgs looks at some of the key players and issues
We work in a data-hungry industry where the information collected is often very sensitive. As such, the trust shown in us by our clients when handling their data should not be taken lightly. On 25 May, the General Data Protection Regulation - ‘GDPR' for short - comes into effect, bringing with it new obligations for advisers when handling client data, greater rights for consumers and the prospect of eye-watering fines imposed on those not adhering to the rules. For most firms, this means they will look to their chosen software suppliers - as the holders of most client data - to help t...
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