UK Gov’t outlines cold calling ban timeline
Responding to a question from a fellow Conservative MP, Stephen Barclay confirmed that the government will then legislate on a ban, which will include texts and emails, as soon as parliamentary time allows.
Despite welcoming the announcement as “a step in the right direction”, James Walsh of the Pensions and Lifetime Savings Association (PLSA) said: “We are still a long way from a cold calling ban actually taking effect”.
Walsh, who is the PLSA’s policy lead for engagement, EU and regulation, added: “With the vast majority of defined benefit/hybrid schemes reporting transfer requests and almost a third rejecting some due to due diligence concerns, we feel that there is more that needs to be done.
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