Cold calling ban shelved, govt says

Consultation on pension scams expected shortly

Hannah Godfrey
clock • 2 min read

The upcoming Financial Guidance and Claims Bill will not include the pensions cold calling ban, the Department for Work and Pensions has said.

Responding to a request from former pensions minister Baroness Ros Altmann in the House of Lords last night, DWP representative Baroness Buscombe said the government planned to publish a consultation "shortly" that looked at ways to tackle pension scams, including cold calling. "As such, we do not propose to include a cold-calling ban in the bill at this time," she said.   Altmann had asked the Lords to include the ban on pension cold calling in the bill. She said it was an issue she felt "so strongly about", adding: "It is important we can give the public the message that if someo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Defensive income before retirement: A four layered framework

Defensive income before retirement: A four layered framework

Entering decumulation can be an unsettling time for clients

Joe Simpson
clock 10 August 2026 • 4 min read
The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

The FCA's decumulation challenge: Can UK REITs help deliver sustainable retirement income?

A look at the three Ss of retirement income

James Peel
clock 04 August 2026 • 7 min read
What the decumulation shift means for advice firms, and how the best are responding

What the decumulation shift means for advice firms, and how the best are responding

'Technology is part of this picture in ways that are worth being honest about'

Andy Zanelli
clock 14 July 2026 • 4 min read