Government revisits cold-calling and guidance legislation

In a paper published this evening, Protecting pensions against scams: priorities for the Financial Guidance and Claims Bill, the government agreed with last December's report by the Work and Pension Committee (WPC) that recommended a ban on cold-calling be introduced more quickly than that bill had proposed and also that a ‘guidance by default' provision be added to the same piece of legislation. The paper noted: "Although the introduction of Clause 4 in the Bill in the House of Lords presents an opportunity to ban pensions cold calling, we agree with the committee's assessment that Clau...