Webb: Extend cold calling ban to include 'sucker lists'

To help protect people from scams

Hannah Godfrey
clock • 1 min read

Royal London director of policy Steve Webb has called on the government to do more to help people on so-called "sucker lists", who are vulnerable to scams.

The former pensions minister (pictured) said the government's consultation on banning cold calling should be extended to cover measures to help people on sucker lists. These lists are databases held by National Trading Standards that are made up of repeat victims who have responded to scams in the past, such as fake competitions and lotteries. Accrording to an article in the Daily Telegraph over the past ten years, a mere 10% of victims, who have a 30% chance of losing money by falling for another scam, have been visited by local trading standards to warn them. Of these people abou...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Two firms declared in default by FSCS over pensions advice

Two firms declared in default by FSCS over pensions advice

Both Oakwood Financial Management and GO IFA are no longer trading

Isabel Baxter
clock 11 April 2024 • 1 min read
FCA lays out 2024/25 fees/levies proposals; £755m planned spend

FCA lays out 2024/25 fees/levies proposals; £755m planned spend

‘We recognise that firms continue to face inflationary pressures’

Hope Coumbe
clock 09 April 2024 • 4 min read
FSCS places Lancashire firm Frodsham Financial Planning in default

FSCS places Lancashire firm Frodsham Financial Planning in default

Advice practice formerly traded as Tom Carroll Associates FP

Hope Coumbe
clock 13 February 2024 • 1 min read