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Scottish Trust Deed Forum
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Topic starter
03/06/2018 8:46 pm
Hi,
How long does a IP typically hold your details and data for after a trust deed is completed?
03/06/2018 10:27 pm
Seems like well over 14 years makes y wonder if it's allowed with all this new data protection
04/06/2018 9:08 am
Hi amorphous.
Firms will have their own policies on this.
Many firms will have reviewed these policies in the run up to GDPR being introduced recently.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
04/06/2018 9:10 am
I recently contacted mine to get details of old accounts I had in a trustdeed from 2006. In that case I was glad they had the information!
Still I can see why it might be concerning.
12/06/2018 2:22 pm
Amorphous
Under the previous data protection legislation, an individual was able to hold data if is had a reason to do so. There are many reasons a trustee is required to hold data - tax purpose, to document decision process etc.
Under new GDPR rules, I suspect many IP firms are reviewing data retention and coming up with a plan to destroy data they do not have a reason to hold.
hope this helps
Sharon is no longer posting in the forum.
