MiFID II and GDPR cause advisers biggest headaches in 2017

'Advisers are waking up'

Cutting through MiFID II and General Data Protection Regulation (GDPR) red tape have been the two biggest challenges for advice businesses to get to grips with in 2017, according to Intelliflo.

The back-office provider polled 301 of its Intelligent Office (iO) users, who said the EU legislation Markets in Financial Instruments Directives II (MiFID II) and the GDPR, set to come into effect on 3 January and May 2018 respectively, were bigger challenges than recruiting staff, robo-advice and cyber security. In September, Intelliflo said the majority of its iO users had yet to start planning for GDPR and warned they risked missing the deadline. MiFID checklist: 10 ways advisers should prepare for the incoming legislation Looking ahead to 2018, advisers again see their two gre...