Proposed measures to tackle cold-calling and pension scams, published as part of a government consultation response, have been criticised for their slow implementation timeframe.
The Treasury today published its response to the consultation on cold-calling and pension scams. Over the weekend the government confirmed it would go ahead with its crackdown on cold-calling, including the implementation of a ban on calls, emails and text messages. Royal London director of policy Steve Webb said: "With regard to cold-calling, the consultation says only that the government will be working on the details for the rest of this year and will then legislate 'when Parliamentary time allows'. "With people being scammed every day, this is much too slow. Even if a measure i...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes