GDPR and financial advice: Processing data on children

Ramifications for advice firms

clock
Rob Walton: "Unlikely as it may be that a 13-year-old will be signing up for newsletters from financial advisers, advice firms will still be processing large amounts of data on under-13s."
Image:

Rob Walton: "Unlikely as it may be that a 13-year-old will be signing up for newsletters from financial advisers, advice firms will still be processing large amounts of data on under-13s."

In the next of a new series of articles based on the latest meeting of the Intelliflo GDPR Working Group on GDPR's ramifications for financial advice firms, Rob Walton considers the processing of data on children

A key part of the financial advice process is advising families on their finances and, obviously enough, this often includes dependants of the person or persons to whom the advice is being offered...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA strengthens crypto investment promotion rules

FCA strengthens crypto investment promotion rules

‘Restricted mass market investments’

Jenna Brown
clock 19 January 2022 • 2 min read
These changes will be brought via secondary legislation to amend the Financial Promotion Order, which sets out the investments and activities that are subject to the regime.

Government set to tighten rules on 'misleading' cryptoasset promotions

Six month transition

James Baxter-Derrington
clock 18 January 2022 • 1 min read
MPs tell FCA to research tax-free pension lump sum 'decoupling'

MPs tell FCA to research tax-free pension lump sum 'decoupling'

Further research and testing

clock 18 January 2022 • 2 min read