Government launches consultation on cold call ban for financial products

The consultation on the ban, which was announced in May as part of the government's fraud strategy, covers proposals to ban cold calls that offer any financial products. Overall, victims lost £750 million between 2022-2023 due to fraudulent investment schemes, according to the City of London Police. Running until 23 September, the consultation covers the current restrictions in place on cold calling for different financial services and products and what the proposed ban could look like, including the scope of the ban and how it could be enforced. It also covers how the government c...