Legislation against pension cold-calling delayed

Last week the House of Lords demanded that unsolicited calls in relation to pensioner cold-calling are outlawed, sooner than the Government’s current plans.

The Government had originally suggested it would ban pensioner cold-calling in September last year but has since warned it was now unlikely to legislate on this matter before 2020. Without legislation, there is continued fear that many people will carry on receiving such calls and consequently placing them at a higher risk of being scammed.

Ros Altmann, a Tory peer and former pension’s minister, said: "People need protection from this nuisance now, they shouldn't have to wait still more years for a ban. Direct approaches to people on their mobiles or home phones should have no place in the modern world of business."

Millions of pensioners are being targeted annually by cold callers with one source estimating 2.6 million cold-calls are made each month.

If you suspect you have been contacted by a pension scammer please contact Money Helper for help. You can call them on 0300 123 1047 or visit the Money Helper website here. for free pensions advice and information.