The government and the Financial Conduct Authority (FCA) are "keeping under review" suggestions the regulator should update its rules on regulated firms buying leads obtained by cold-calling.
A number of respondents to the consultation on banning pensions cold calling - the response to which was published today (29 October) - suggested the FCA should update its rules to include a ban on regulated firms buying leads obtained from cold-calling. The respondents suggested the change would remove a source of business for lead generators who most commonly undertake cold calling and therefore remove the incentive to cold call. Monday's consultation response revealed the government and FCA were keeping this proposal under review as the effectiveness of the ban is monitored. The...
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