GDPR and financial advice: Special categories of personal data

Ramifications for advice firms

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Rob Walton: "Since obtaining health data is a key component in establishing policies and offering the best/most relevant advice, it is likely almost all financial advice firms will need to cater for explicit consent."
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Rob Walton: "Since obtaining health data is a key component in establishing policies and offering the best/most relevant advice, it is likely almost all financial advice firms will need to cater for explicit consent."

In the second of a series of articles based on the latest meeting of the Intelliflo GDPR Working Group on the ramifications of the GDPR for financial advice firms, Rob Walton looks at special categories of personal data

Given the nature of the service provided by financial advice firms to their clients, and the strict regulatory framework within which they operate, it is important businesses record and process sensitive...

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