William Burrows: A cold call to chill the hearts of advisers

‘High-risk SIPPs’

clock • 2 min read

As the Financial Guidance and Claims Bill continues to limp its way through Parliament, William Burrows says a cold call he received personally this week is yet another illustration of why this practice must be stopped

It is time to stop unscrupulous firms cold calling. The gist of a cold call to me personally early this week should send shivers down the spine of all good financial advisers. I was walking down the road to get a sandwich when I answered a call on my mobile. "Have you transferred your pension to a SIPP?" I was asked. To which I replied that I had. Then without pause or hesitation, Sam from a company called Pension Reclaim rattled off a serious of false facts that made me extremely angry. The conversation, to the best of memory, went as follows: "If you transferred to a high-risk SI...

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