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Don’t Get Caught Off Guard: Why Keeping Client Data Fresh is Crucial for IPs & Wealth Managers

Don’t Get Caught Off Guard: Why Keeping Client Data Fresh is Crucial for IPs & Wealth Managers

Insolvency Practitioners (IPs) and Wealth Managers are under increasing scrutiny from the Financial Conduct Authority (FCA). Among the many compliance requirements, one that’s easy to overlook is the obligation to maintain accurate and up-to-date client contact details.

This isn’t just good housekeeping. Out-of-date data can trigger delays, create regulatory breaches, and leave firms exposed to enforcement or reputational damage. The FCA expects firms to keep records current, and to be able to demonstrate that they can reach clients when needed.

That’s where Vilcol comes in: offering large-scale, cost-effective people tracing from as little as £10 per client record, with premium in-depth options available for complex cases.