‘Back in the Autumn Statement last year, the Government made a great play of its plans to ban cold calling in relation to pensions. We now learn that such a ban has been dropped from the upcoming Financial Guidance and Claims Bill which is hugely disappointing.
‘We will now have to await the outcome of a further consultation before we see any progress. In the meantime, pensioners will remain at risk from unscrupulous cold callers who are hell-bent on stealing their lifesavings. This is a short-sighted decision that could lead to a greater erosion of trust in the pensions sector as a whole which is the last thing anyone needs.’