UK sets out plans to ban cold calling on all financial services and products

MAS Paper on Single Family Offices
21/22 Annual Report from Egmont Group of FIU

Following the publication of its Fraud Strategy in May 2023, the government seeks to extend the pensions cold calling ban to cover cold calling for all consumer financial services and products.

HM Treasury has published an open consultation on this proposal which covers:

  • Details of the intended ban;
  • Existing restrictions on cold calling;
  • Scope of the proposed ban;
  • Legislative mechanism and exceptions;
  • Raising awareness;
  • Impacts (on business and persons with protected characteristics); and
  • Call for evidence for Impact Assessment.

The government seeks views on the design and scope of the ban alongside evidence on the impacts of the proposed ban by 27th September 2023.

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