In the second 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 takes a closer look at lawful processing
The implementation of the GDPR has provoked concern around the data retention obligations of financial advice firms in relation to data subjects looking to exercise their rights that may require restriction...
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months