We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Pensions Cold Callers Face £500K Fine Under Ban, Gov't Says

Law360, London (January 9, 2019, 11:56 AM GMT) -- British companies face fines of up to £500,000 ($636,000) from Wednesday if they make unsolicited phone calls seeking pensions business, HM Treasury said, as a long-awaited ban to tackle "devastating" savings fraud entered into force.

The prohibition is designed to prevent unscrupulous businesses from "cold-calling" individuals about their pensions, the Treasury said. The government department wants to end nuisance calls from fraudsters who attempt to steal their victims’ life savings, which can leave individuals without the means to fund their retirement.

The measures, under the Financial Guidance and Claims Act, come into force after the Financial Conduct Authority found in August that pension...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!