Major victory in ban on cold-calling

March 13, 2018 3:32 PM
Originally published by UK Liberal Democrats

An older man with his hand on his head, being conforted by an older woman.

Cold-calling in relation to pensions, claims management and other financial services could end soon. The Liberal Democrats made an amendment to a new law in the House of Lords, and the Government said they will accept it.

The Financial Guidance and Claims Bill returned yesterday to the House of Commons, carrying a Lib Dem amendment from the House of Lords. The Lib Dems also secured a provision requiring people accessing their pensions to be referred to guidance, unless they explicitly opt out. This will ensure that people truly make the best of their hard-earned savings.

Said Lib Dem Peer Lord Sharkey, "I am delighted that the government has seen reason and moved to clamp down on the scourge of cold-calling. Every year millions of people are harassed and deceived by cold-callers, and in some cases, the financial consequences can be severe.

"These measures will greatly improve the situation, and I will be watching the government closely to ensure they do not backtrack."