BAN COLD CALLS QUICKER
The Government has issued the text of its official response to the Work and Pensions Select Committee's third report of session 2017-19 (originally published on 7 December 2017).

Broadly, the Government agrees that it needs to:

  • address the threat posed by pension scams by cutting off scamming activity at the source to disrupt criminals and protect savers; and

  • ensure more people are able to make informed decisions about their personal finances and pension savings in particular.

The Government welcomes the recommendation to amend the Financial Guidance and Claims Bill 2017-19 (web link) to ensure that people either take or expressly refuse guidance before they can access their pension savings.

It also concedes that Clause 4 of the Bill

(ban on pensions cold calling) is flawed, for two main reasons:

  • there is a desire to ban pensions cold calling more quickly than Clause 4 allows: the Government intends to act as quickly as possible.

  • Clause 4 does not provide details about the kind of issues that regulations laid to ban pensions . . .

16 Feb 2018   Check other news items



 INSIGHT:

  GUIDANCE ON THE MEANING AND IMPACT
  OF PENSIONS LEGISLATION CHANGES
 

 

Aries monitors every development in new and proposed legislation

Guidance on the meaning and impact of Pensions Legislation changes

25 Years experience working with over 100 top Pension Providers and UK Authorities

Clear and straight advice on putting Pensions Legislation changes into practice

Aries Insight gives the Big Picture and the Little Details

Ensure compliance with all Regulatory Requirements for Pensions

 
ARIES BENEFITS
INFORMATION
INSIGHT
INSTRUCTION
INFLUENCE
INCLUSION
INTEGRITY
OUR OFFER