UK. Government urged to fasttrack ban on pensions cold calling
Pensions cold calling must be banned next year to prevent people being “avoidably conned out of their life savings”, an influential committee of MPs has said.
The Work and Pensions Select Committee has warned the Government that the scale of the scamming is likely to be grossly underestimated by official reports.
It has urged the Government to fasttrack an existing plan to ban the practice and also to do more to ensure that people are given guidance before they decide to access their pension pot and invest the funds elsewhere.
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