Lib Dems welcome action on cold-calling

Hull Lib Dems have welcomed news that key amendments have been secured which could bring an end to cold-calls from organisations selling financial services.


Work by Lib Dem peers on this important issue will help to tackle predatory companies who use cold-calling as a way to target vulnerable residents in Hull.

Cold-calling and nuisance calls can be incredibly distressing and so it's great to see progress towards stopping it once and for all.

The amendments to The Financial Guidance and Claims Bill mean that the Secretary of State will be able to bring in a ban on cold-calling if the newly created Single Financial Guidance Body (SFGB) find it to be detrimental to consumer protection.

The Bill will merge three exisiting financial and pension guidance services – the Money Advice Service, the Pensions Advisory Service and Pension Wise – into the new SFGB.

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