A survey of financial advisers has found that the majority are set to miss the May 2018 deadline for complying with the new General Data Protection Regulation (GDPR) which will impose penalties for mis-using or failing to protect client data.

Nearly three in four financial advisers are using social media with the percentage increasing, according to Intelliflo’s 4th annual survey into social media usage.

Seven Investment Management has linked up with Intelliflo to connect its cashflow planning tool app.

Financial adviser delegates have identified the biggest threats to their businesses as being large product providers going direct to clients and robo advice.