Cold-calling ban will be in place by 2020, minister confirms

Confirmed by Stephen Barclay

clock • 3 min read

A ban on pensions cold-calling will be in place before the start of the next decade, a Treasury minister has told the Work and Pensions Committee (WPC).

The ban, which was announced in the 2016 Autumn Statement and confirmed this summer, will be put to parliament and the public for consultation via draft legislation next year. It will prohibit phone calls, text messages and e-mails regarding pensions from firms to which an individual does not have a prior connection. The timetable was confirmed by economic secretary to the Treasury Stephen Barclay, although he refused to provide a steadfast date, stating he did not want to make a commitment that "are often not kept" by politicians. Giving evidence to the WPC's inquiry into the pens...

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

Join

 

Already a Professional Adviser member?

Login

More on Retirement

How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read
Partner Insight: Embracing the future of retirement planning

Partner Insight: Embracing the future of retirement planning

Brooks Macdonald
clock 31 October 2024 • 2 min read
Pension tax rules uncertainty shows 'need to shift retirement planning'

Pension tax rules uncertainty shows 'need to shift retirement planning'

Needs to include wider considerations of capital drawdown beyond pensions

Isabel Baxter
clock 24 October 2024 • 2 min read