Sharing is caring - consumer data rights for the advice sector
The key questions in the consultation paper are; do we need a data right? If so, how would that work? Would it be rolled out sector by sector? What sorts of services would apply? How would we want to shape this?
To quote from the ministry consultation cover note, “It could give individuals and businesses access to a wider range of products and services, reduce search and switch costs, facilitate competition, encourage innovation, increase productivity and help build the digital economy.
"It could also strengthen existing privacy protections by giving consumers greater choice and control of their data.”
What is the "consumer data right"?Want to read the full article?Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
