Steve Andrews, Head of Managed Services at Focus Solutions, shares some practical measures to help you make sure your business complies with the changes ahead
There are just a few weeks until the new General Data Protection Regulation (GDPR) finally comes into force on May 25. However, a significant number of businesses are still unprepared, and some are even unaware, of what it actually is. According to a government survey released earlier this year, only 38% of businesses know about GDPR and only over a quarter of those businesses have got to grips with what GDPR means.
Time is now of the essence. Whilst it can seem daunting and onerous, there are some simple initial measures which advisers can put in place to get their house in good shape before the deadline.
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About the author
Steve Andrews is Head of Managed Services at Focus Solutions with responsibility for now:advise and hosted solutions. Steve was formerly Head of Adviser Technology Deployment at Sesame Bankhall and has also worked at CAERUS Capital Group.
About Focus Solutions
Focus Solutions is a financial services software house, founded in 1995. Focus’s products are primarily designed to support the delivery of advice. Focus works with leading financial advisers and networks to deliver software solutions across a range of sectors including investments, pensions, protection, mortgages and general insurance. Advisers can use one of Focus’s specialist software products targeted at a particular aspect of advice, such as Cash Flow Modelling, or our full front to back office solution, now:advise.
T: 0800 111 4803 (sales enquiries) or 01926 468 300 (general)