Cold Calling
Cold-called investor wins compensation
A company that downplayed the risks of buying shares in unlisted companies to a cold-called investor has been ordered by the UK’s Financial Ombudsman Service (FOS) to put the investor into the position she would have been in had she never invested.
Fines could drive UK pension cold-callers offshore
The UK Government has warned directors of companies who cold-call people regarding their pensions that they could be fined up to £500,000 ($663,562, €573,407), however one expert warns this may just drive their practices offshore.
Best Practice | 13 Feb 18
Cold-calling ban questioned as gov’t plans ‘swifter’ launch
The UK Government is planning to “swiftly” introduce a pension cold-calling ban, but has come up short on setting an exact date, as industry commentators have questioned how effective a ban will be in stopping criminals.
MPs make urgent cold calling plea
MPs have called on the UK Government to accelerate the implementation of a pensions cold calling ban alongside enhanced pension freedoms safety measures.
Best Practice | 21 Nov 17
Tough measures to tackle cold calling revealed
The government has revealed measures to ban pension cold calling as figures reveal that almost 11 million people, or one in six Brits, are cold-called about their pension each year.