Ros Altmann challenges FCA to ban firms using lead generators

Scam victims lost average £91,000

Ros Altmann: "The cold-calling operations are highly sophisticated and FCA regulated providers can use such leads and still trick people into losing their life savings or transferring into poor investments.”
Ros Altmann: "The cold-calling operations are highly sophisticated and FCA regulated providers can use such leads and still trick people into losing their life savings or transferring into poor investments.”
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Former pensions minister Ros Altmann has called on the Financial Conduct Authority (FCA) to ban firms from using leads generated by cold-calling in order to better protect consumers.

Altmann (pictured) said the FCA should instruct all regulated pension firms that they must not sell their products to people who have come to them via a cold-call. "Of course providers need to market...

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