New tough measures that have recently been announced by the Government have been commended by Independent Financial Planning firm Clarke Nicklin Financial Planning.
The new measures, which will mean cold calling to sell pensions (including emails and texts) will be banned, are being enforced to protect pension savers from unscrupulous operators. No date has been set as yet for this to come into force. Companies will face heavy fines if they contact savers who either do not give prior permission or whom have no existing relationship with them.
Scott Herbert, Partner and IFA comments ‘This is another step in the right direction towards protecting consumers from unprincipled companies. This follows on from the banning of mortgage cold calls a few years ago. As a firm we pride ourselves that the vast majority of our new clients comes from referrals from existing clients who are very happy with the advice they have received and how they have been looked after, and therefore are very pleased to refer us to friends, family and colleagues.’