UK to ban cold calling on all financial products
As the government looks to ‘take the fight to the scammers and fraudsters’
Cold Calling
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UK advice firm fined for breach of cold calling ban
It instigated over 107,000 unsolicited marketing calls about pension schemes
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Introducer firm fined £50,000 for pensions cold-calling
It made nearly 97,000 calls despite the practice being made illegal in 2019
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‘I thought cold calling had gone away…’
‘Advice firms could do a lot more if they focus on digital campaigns and PR’
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Westpac loses high court appeal over superannuation sales case
Decision provides ‘clear guidance’ on selling products ‘through direct approaches to retail clients’
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UK advisory firm fined for unauthorised pension cold calling
Company ‘clearly flouted the law when it should have known better’
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Younger savers very vulnerable to pension scams
Double whammy of high fees and HMRC unauthorised payment charge could leave retirement in tatters
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Scammers target ex-clients of two firms over pension transfers
Offering them help for an upfront fee
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‘Pension scam scandal’ sees Brits lose £155,000 each
To bogus advisers who persuaded them to move money from pensions into risky investments
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Aussie regulator bans cold calls for life products
Days after it won a court case against an insurance provider
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Australian life insurer fined A$700,000 for ‘hawking’
It used a telemarketing firm to cold-call clients
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Only 3% of cold calls have legally-required customer consent
Majority of Brits would support extending government ban beyond pensions