Data security: Five common adviser mistakes

Tales of laptops left on buses are usually reserved for government ministers, not financial advisers, but they can be just as culpable when it comes to keeping client and employee records safe, according to Michelle Hoskin, founder of Standards International. With the FSA bringing in new procedures for handling complaints against firms in July, it has never been more important for firms to have a coherent data policy. Here are five ways advisers can inadvertently land fines or bans – and how to avoid them. Get it in writing All employees need contracts clearly stating who has access...