Ban on Pension Cold-Calling

Pension cold-calling has been made illegal in a bid to tackle pension scams. 

Companies will no longer be able to make unsolicited calls to people about their pensions. Those who break the rules could face enforcement action from the Information Commissioner's Office, including fines of up to £500,000. 

The ban covers all cold-calling relating to pensions, including from legitimate firms, but it's intended to target fraudsters. The Government says cold-calling is one of the most common methods used by pension scammers, and research from the Money Advice Service suggests there could be as many as 250 million scam calls a year.

You can read the full details HERE