Pension scams: Six key stats which sparked cold-calling ban

Victims have lost £43m

Victoria McKeever
clock • 3 min read

Following government confirmation that it would ban cold-calling in a bid to stamp out pension scams, PA has put together a list of key stats which drove the campaign ...

Measures designed to protect private pension savers from scammers, including a ban on calls, emails and text messages, are set to be introduced by the government, it confirmed last weekend. On Monday, the Treasury then published its response to the consultation on the proposed ban. The paper outlined government feedback to the 111 responses to the initial consultation, launched in December last year. Despite the confirmation that legislation would be going ahead, however, the industry remained unsatisfied with the "slow" timeframe set out in the paper. Red Circle Financial Planning...

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