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ABI responds to the news the Government will ban cold calling on pensions

Responding to the news the Government will ban cold-calling on pensions in next week’s Autumn Statement, Yvonne Braun, Director of Long-term Savings and Protection Policy at the Association of British Insurers (ABI), said:

“Cowboys should not be allowed anywhere near people's life savings. Just as cold-calling on mortgages is banned the same protection is needed for pensions, and we’re pleased to see the Government making a move on this.

"Pensions scams are a huge problem and something the sector is keen to tackle. Banning cold-calling should do a lot to help, but further measures to clamp down on dodgy trust-based schemes will also be essential, as will allowing providers to block suspicious transfers.”

Last updated 19/11/2016