Chancellor to ban pensions cold calling
Published on 21 November 2016 12:30 PM
Age UK has responded to the Chancellor's decision to ban pensions cold calling.
Caroline Abrahams, Charity Director for Age UK, said:
'Scamming someone out of their pension is not just stealing their money, but potentially stealing the future for which they had worked and planned, so this is very welcome news. However, pensions aren't the fraudsters' only targets, investment frauds are also common, so we hope the Government will build on this encouraging start by working with regulators to take swift action to close down frauds wherever they appear. Scams are difficult, probably impossible to eliminate because when one loophole is plugged, the fraudsters move on to another, but Government must do everything it can to make life difficult for them.
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Notes to editors
We work with our national partners, Age Scotland, Age Cymru and Age NI and our local Age UK partners in England (together the Age UK Family). We also work internationally for people in later life as a member of the DEC and with our sister charity Help Age International.
Age UK believes that everyone should have the opportunity to make the most of later life, whatever their circumstances. We provide free information, advice and support to over six million people; commercial products and services to over one million customers; and research and campaign on the issues that matter to people in later life. Our work focuses on five key areas: money matters, health and well being, home and care, work and training and leisure and lifestyle.
Age UK is a charitable company limited by guarantee and registered in England (registered charity number 1128267 and company number 6825798). Age Concern England and Help the Aged (both registered charities), and their trading and other associated companies merged on the 1st April 2009. Together they have formed the Age UK Group ('we'). Charitable services are offered through Age UK and commercial products are offered by the Charity's trading companies, which donate their net profits to Age UK (the Charity).