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

Thank you so much for your help with becoming directly authorised – it’s been so much easier than I thought. 

You have all been so helpful and professional and I am still quite stunned by the support from SimplyBiz. Whenever I ring up, the response is always more thorough than I would have expected. 

I really am very, very pleased I joined - here’s to a bright new future.

Alison Treharne
Shore Financial Planning

Read More

Latest News

SimplyBiz Group announce first post-flotation results

September 11, 2018

The Group has published its interim results for the six months to 30 June 2018 – its first since its flotation in April.

Read more >

Problems serving lower-value clients? There's a new solution...

September 05, 2018

Onvestor have joined the SimplyRefer panel to offer a solution for clients which are no longer viable to service, helping you realise the full commercial benefit from them, completely hassle free.

Read more >

The path to paraplanning

September 04, 2018

NMBA ask if there should be a formalised route to paraplanning

Read more >

Advice apprenticeships: a defence

August 22, 2018

Tom Hegarty of NMBA believes that apprenticeships are a valid route to the advice profession

Read more >