LifeQuote announces GDPR policy for protection

Adam Saville
clock
LifeQuote announces GDPR policy for protection

Protocols for storing electronic data, physical documents and recorded calls revealed

Protection portal for advisers LifeQuote has announced how long it will sort adviser data and information in light of the GDPR. Data will be held based on three categories, the firm said. ‘Quotation only but no application' data will be stored for 365 days. ‘Application made, but no policy completed' info will be held for six years or longer if requested by the regulator. This allows for subsequent data analysis, for monitoring, compliance and to support an application and any subseq...

To continue reading this article...

Join Cover

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around Covid-19, regulation, diversity and mental health.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

The COVER Review August 2022: The COVER Mini Golf Championship

The COVER Review August 2022: The COVER Mini Golf Championship

Now available for members to watch

COVER
clock 17 August 2022 • 1 min read
Number of smaller advice firms continues to shrink, analysis finds

Number of smaller advice firms continues to shrink, analysis finds

'Costs of running an advice business on the rise'

Julia Bahr
clock 15 August 2022 • 2 min read
FCA 'disappointed' over product governance and fair value compliance failures

FCA 'disappointed' over product governance and fair value compliance failures

Regulator calls out inadequate response to Policy Statement 21/5

Hemma Visavadia
clock 12 August 2022 • 3 min read