Major victory in ban on cold-calling - local info translates into national action


Former MP Tessa Munt is celebrating a major victory in the fight against cold-calling.  

Thanks to the persistence of Lib Dems in Parliament, the Government has finally accepted crucial amendments to the Financial Guidance & Claims Bill which is due to be debated in the House of Commons soon.

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Having heard from locals who had lost thousands in scams and received hundreds of unwanted calls, Tessa contacted her Parliamentary colleagues to pass on their concerns.  Lib Dem John Sharkey pushed for changes to end the scourge of cold-calling in relation to pensions, claims management and other financial services.

Under pressure, the Government has committed to a total ban on pensions cold-calling as well as outlawing other forms of cold-calling if these are shown to be harmful.

The Lib Dems also pushed for a legal requirement that people accessing their pensions must be referred to guidance, unless they explicitly opt out.  This will help local pensioners make the best of their hard-earned savings.

Tessa said:

“I am delighted the Government has seen reason and moved to clamp down on the scourge of cold-calling.  Every year Somerset residents are harassed and deceived by cold-callers, and I know of cases where the financial losses have been really serious.”

“These measures will improve the situation and help local pensioners make the best of their hard-earned savings.  My colleagues and I will be watching the Government closely to ensure Ministers do not backtrack.”


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