Cold calls which cheat people out of their money by tricking them into buying fake investments are to be banned under government plans to be announced next week.
Prime Minister Rishi Sunak says the move is needed to “prevent fraudsters from infiltrating their way into people’s lives in the first place.” The aim is to extend a current ban which stops cold calls about pension products so it covers calls selling any financial product.
The ban on pension products aims to make anyone receiving such a call confident enough to hang up and report the fraudster.
