The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, pension experts have warned.
It is already difficult for the government to tackle suspected scammers based overseas, with schemes easily able to register with HM Revenue & Customs (HMRC), and so the regulatory relationship should not be damaged, the Pensions Management Institute has said. The warning came in the body's response to the Treasury's consultation on a cold-calling ban, which is expected to be enforced from autumn after continual delays. While "satisfied" with the principles of the ban, the institute said scammers could just up sticks and base themselves in the EU where UK-based regulators will not be ...
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