The risk of that information being seen or taken from the app seems quite low, and the other information (address, email, and name) are probably more valuable.
But, I do agree with the question of it being there at all, if its not really needed for anything in the app, then removing it might make more room for more important information. But I don’t think its a huge issue.
To be honest, there shouldn’t be any NI number requirement to open the GIA. In fact few of my friends challenged me on why FT needs it when other platforms are not asking . Of course for ISA it is must.
The reason we collect it is that the regulator requires it from us. The FCA requires us to report to them the customer’s national identifier for any trades we execute (this is the same for all European stockbrokers), both for GIAs and ISAs. In the case of UK nationals, the required identifier is the NI number. This is in addition to the NI requirement for ISAs.
@tinku333 As Dan mentioned, it is usually required. Good old HMRC keep track of your gains that way for tax purposes, so it’s actually more relevant to a GIA than an ISA. In fact, who ever your friends are using as a broker, are almost definitely not regulated if they are not taking NI numbers (or they signed up to the broker many years ago) .
On the visibility of NI on freetrade, I fall on the side that it should be in a slightly less readily accessible area.
Thank you @dan.t , @Antidev for clarification. You have got valid points and now have got some solid counter arguments to support FT’s requirement with them
NI on the profile has actually been very useful for me since I can easily get to it when it’s needed for other applications… I’d prefer if it stayed on iOS