In the next of a new 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 considers the issue of connected individuals
A particular sticking point the Working Group arrived at in connection with the General Data Protection Regulation (GDPR) related to the processing of an individual's data where they have not been present when their data was collected for processing. This situation, it seems, occurs quite regularly, with a spouse or partner or relative approaching an advice firm and entering into the advice process where information is required to be provided about them as part of a couple or family. Often a husband or wife may provide information about their partner to a financial adviser and their p...
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