LifeQuote announces GDPR policy for protection

Adam Saville
clock • 1 min read

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 subsequent enquiries, said the firm. ‘Policy in force' data will be kept for 50 years from date it went...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • 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 Regulation

CII calls for new approach to vulnerability data sharing

CII calls for new approach to vulnerability data sharing

Many firms displaying “excessive caution”

Jaskeet Briah
clock 25 June 2025 • 2 min read
IPT receipts hit £1.48bn in May 2025

IPT receipts hit £1.48bn in May 2025

Up £50m year-on-year

Jaskeet Briah
clock 20 June 2025 • 2 min read
FCA partners with international regulators on 'rogue' finfluencers

FCA partners with international regulators on 'rogue' finfluencers

Crackdown on illegal financial promotions

Isabel Baxter
clock 06 June 2025 • 3 min read