Royal London has backed an adviser's petition to the government asking for a ban on cold-calling to sell pensions and investment.
The provider said it wanted to protect vulnerable people from "unscrupulous sales calls" and hoped its backing would allow the petition to reach the 10,000 signatures it needs to require a formal government response. The petition calls for "cold calling by phone or email for investment or pensions to be made illegal" and has so far attracted more than 1,900 signatures. It was started by IFA Darren Cooke from Red Circle Financial Planning who believes cold-calling leads to unregulated investment and scams, therefore banning it would "dramatically reduce" the number of people falling pr...
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