Ban Cold Calling Pension Scammers

Since my post on 25 October about a petition by one of my peers to attempt to encourage the Government to address the problem of people being swindled out of their pensions, there is now a new dedicated website. Can I ask that you get involved by signing the petition and sharing it with your contacts.

Why? Well, if you are a client of ours you have protection and have our support and regulated advice. The new pension freedoms mean that many people in their late 50’s or older are being targetted to move their pensions into some very poor (rip off) arrangements. OK, so this may not be you, but pension funds can now last a lifetime, rather than until retirement, which was normally when people bought an annuity. Now most are holding the investments for life, meaning that ongoing advice will be required (to get the portfolio delivering what is needed each year)… but that also means that long after I retire you will likely still need advice for your pension portfolio. So imagine yourself in 15, 20, 25 or 30 years time, being bombarded by calls or emails promising you all sorts of wonderful things…. are you really going to resist?

So please sign the petition, we need to push through to 10,000 signatures. OK cold calling may not be banned, but the issue being raised may result in new policy or regulation that protects people from this.


Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email