MSE News

Budget 2018: Government to press ahead with pension cold-calling ban

Pensions cold-calling will be made illegal this autumn, the Government has confirmed.

The Government says that cold-calling is one of the "most common methods" used to initiate pension fraud. It first mooted a ban back in 2017 and consulted on it earlier this year.

The response to the consultation has now been published, which says that draft regulations will be published this autumn. They will be brought into force 21 days after they are made.

An organisation that breaches the rule may be liable to pay compensation to the victim and may be subject to enforcement action by data watchdog the Information Commissioner's Office.

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