Intelliflo and Brookland Computer launch GDPR toolkit
21 February 2018
Intelliflo has joined forces with Brookland Computer Services to create a GDPR toolkit, designed to help advisers and paraplanners meet the requirements of the new regulation.
The toolkit provides a detailed overview of all aspects of GDPR, which will come into force on 25 May 2018, and offers advice and checklists to guide adviser firms.
Alongside the toolkit, Intellifo and Brookland have produced a “readiness assessment” that enables advisers to assess to what extent their systems meet the GDPR requirements and highlight which areas still need attention.
Rob Walton, Intelliflo chief operating officer and chair of the Intelliflo GDPR Working Group, said: “Since setting up the GDPR Working Group last year, it’s become clear that many advisers are finding the new requirements of the regulation challenging both in terms of understanding its scope and in having the resources available to make the necessary changes.
“Our aim is to work with our customers and provide them with as much help and assistance as we can to achieve compliance with minimum disruption to their daily business. The new toolkit and the readiness checker are designed to give advisers a practical and effective way of engaging with the new requirements. “
He added: “They are particularly useful for advisers who are working alone or in small firms. This group doesn’t have the support of on-site compliance teams and they are often under enormous time-pressures. However, they are as much at risk as any adviser firm of incurring fines, or being sued by disgruntled clients, should a data breach happen.”
Eamonn Fogarty, director at Brookland Computer Services, commented: “We are really starting to see firms ramp up their efforts to become compliant with GDPR before 25 May. The assessment and toolkit that Brookland and Intelliflo are providing to financial advisers can form an important part of these efforts, since they help firms identify their strengths and weaknesses in regards to complying with GDPR, better positioning them to focus their efforts where they are most needed.”
With numerous property tax changes already in place (and more due in 2020/21), there are a number of opportunities...
You need to know the difference between execution-only and non-advised sales and what client instructions can be enacted under...
The Senior Managers and Certified Persons legislation comes in on 1 December but to what extent does it apply...