GDPR – the dawn of a new era in data security and usage

09 Jan 2018

As you are no doubt aware, the General Data Protection Regulation (GDPR) was first introduced in April 2016 by the Information Commissioner’s Office (ICO) and the new regulation must be adopted by every UK firm that handles personal data by the 25th of May 2018.

When we issue our regular updates about changing policy, there normally follows an outline of the criteria of firms to which the new regulation applies. However, GDPR is an anomaly; it will need to be adhered to by every single member of The SimplyBiz Group. Every financial adviser will have to fall in line with the requirements of GDPR, as will every accountant, dentist, dog-walker and carpet cleaning firm!

In short, any business that holds the details of past, present or potential clients will need to ensure that it is operating in a manner compliant with GDPR. In addition, even though this is an EU wide law, as the UK government played a major hand in writing the legislation, it will be transposed fully into UK law, even once the UK has made its exit from the EU. 

With the May deadline starting to loom ever closer, we would urge all firms to consider what you need to implement, how you’re going to approach it and by when everything needs to be in place. As GDPR is governed by the ICO, rather than the FCA, you may not receive information about it in the format to which you’re accustomed and, with this in mind, we are kicking off our GDPR support this month, designed to provide you with the information, support and guidance you need, in a way that makes sense to your business!


The SimplyBiz Group GDPR Programme

Due to the potential implications of the new requirements, we have pulled together a dedicated steering committee within the 

Group to pool our collective knowledge and resource to ensure that we are able to provide you with the right information at the right time.

From here, we have put together a framework on which to base our delivery, and to provide you with a clear and transparent structure of support in what is rapidly becoming an overly complex area.


Communications and ongoing support

As well as our dedicated hub, you can expect an array of ongoing communications, videos, coverage at our core events, guides and more as we ramp up towards the May implementation deadline and beyond.

Keep an eye out for more information coming your way in the coming days and weeks; the GDPR hub will be updated with more material and guidance on a regular basis. 


The GDPR Hub

First of all, we are launching a dedicated hub within the Member or Client Firm websites. The hub is designed to provide you with a single entry point from which to access relevant information and supporting documentation.

The hub follows this simple framework:

View Adviser Today here


Testimonials

"Interaction, support, innovation, connectivity, value for money, road shows, compliance documentation, SimplyBiz are the BIZ.

“SimplyBiz communicate, plan and ensure our business is fore-warned of potential business decisions that have to be made."

Glyn Snelgrove
Lexicon Financial Services Ltd

Read More

Latest News

"Hello, have you been mis-sold an accident claim?"

July 05, 2018

I am sure you will have been delighted to note that, at long last, the Financial Conduct Authority (FCA) is going to formally regulate the ambulance chasers.

Read more >

"We are the antidote to consolidation and want small firms to thrive"

July 02, 2018

SimplyBiz CEO Neil Stevens said the group was "passionate about being the antidote to consolidation" as he praised the work and quality of smaller advice firms.

Read more >

SimplyBiz reveals line-up for advice show

June 22, 2018

Leading figures and some of the industry’s heavyweights will feature in the online broadcast sessions from 10.30am to 2pm on 2 July.

Read more >

"Social care is elephant in the room"

June 20, 2018

There is a massive issue facing our clients, which is often referred to as a generational time bomb, that has the potential to destroy inheritances and cause misery to millions of elderly people.

Read more >