GDPR – New Data Protection regulations

You may be aware that stricter rules covering data protection are being introduced from 25th May 2018. The new General Data Protection Regulation (GDPR) goes further than the existing Data Protection Act, giving EU citizens more control over their personal information, and placing greater responsibility on organisations that hold or use this data. Although the UK is leaving the EU, the government has indicated that they intend to include GDPR as part of UK law.

Financial services firms like ours are already subject to very strict rules around data protection in any case, so this will not change. As a client or potential client, you can be assured that we will always:

Treat any information provided with total confidentiality, and only pass on information with your explicit consent, for example to complete an application for a pension or investment product.

• Hold all of your information, whether on paper or computer-based, in a fully secure manner.

• Endeavour to ensure the information we hold is accurate, and correct any errors as soon as we are notified.

Full details of our Data Protection procedures are contained in our Client Agreement, which you are provided with prior to any financial advice being given.

The only slight change in our processes is that any marketing communication with you can now only be with your explicit consent. Previously you had the option of opting out of marketing, but you now need to specifically opt in. For this reason, we will be contacting all of our clients in the near future to confirm whether they still wish to receive our regular e-newsletter. We will never pass your details to any other company for marketing purposes, and you can choose to unsubscribe again from our e-newsletter at any time.

If you have any queries on the new GDPR legislation and how we are ensuring that we fully comply, please do not hesitate to contact Emma Greer, Independent Financial Adviser and Director, on mobile 07885 407604 or e-mail emma@freedom-financial.co.uk.

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