Govt launches second consultation on pensions cold-calling ban

'Technical consultation'

Hannah Godfrey
clock • 2 min read

The Treasury has launched a second consultation on banning pensions cold-calling, which aims to seek final views on already-drafted regulation.

Defining this process as a ‘technical consultation', the government said it hoped to put the final regulations before both Houses of Parliament in the autumn. The government has already drafted various regulations on banning pensions cold calling from a previous consultation. So far, these include a ban on all pensions cold calling, except when an individual has given specific consent to receiving marketing calls on pensions, or the recipient of the call has an existing client relationship with the caller. Additionally, only firms regulated by the Financial Conduct Authority would hav...

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

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
Schroders CEO: 'Private is a much easier place to exist than public'

Schroders CEO: 'Private is a much easier place to exist than public'

Peter Harrison says he is 'not quite sure we can solve the problem'

Cristian Angeloni
clock 02 February 2024 • 3 min read
FCA: Blackmore Bond promotions had 'very relevant risk warnings'

FCA: Blackmore Bond promotions had 'very relevant risk warnings'

No enforcement action for firms who approved financial promotions

Hope Coumbe
clock 07 December 2023 • 3 min read