Govt faces Lords defeat on Financial Guidance and Claims bill, warns Altmann

Altmann predicted amendments to the bill would be debated on Tuesday (24 October) with "wide support from across the Lords". Three proposed amendments include a ban on pensions cold calling, and mandatory guidance before transferring out of a pension either through a financial adviser or the free national guidance service. The other amendment is a special duty of care for vulnerable customers who need help with their financial affairs, including "breathing space" for those with unmanageable debts. "The amendments would make a significant difference to the public and would pave the ...