Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what the timetable is for the introduction of legislative proposals on banning pension cold-calling and blocking suspicious pension pot transfers.
The Government takes the threat of pension scams very seriously.
That is why the Government launched a consultation in December 2016 looking at three potential interventions to tackle this issue, including legislating to introduce a ban on cold calling in relation to pensions to help stop fraudsters contacting individuals and legislating to give firms new powers to block transfers. The government will publish a response to the consultation which will set out our intended next steps. This is a complex area that requires careful and detailed consultation with stakeholders.