UK: IFA pulls clients from Ascentric after ‘terrible’ data breach

Charles Walmsley reports:

Sussex-based Prosperity IFA director Simon Munday is set to pull his clients from the Ascentric platform after a technology error allowed one of his clients to access another adviser’s client portfolios.

Munday (pictured) has 129 clients with around £10 million of assets under advice on the platform but will move them onto other providers following the incident.

In October one of Munday’s clients logged into her Ascentric account she was able to access another advice firm’s client portfolios.

Read more on Citywire.

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