Pensions Adviser Fined For Making 100K Unauthorized Calls

Law360, London (September 10, 2020, 5:19 PM BST) -- A pensions advice company that made more than 100,000 unauthorized calls to people about their retirement pots has been hit with a £130,000 ($168,000) penalty, the Information Commissioner's Office said Thursday.

CPS Advisory Ltd. made almost 107,000 calls to people without legal authority between Jan. 11 and April 2019, according to the ICO.

Under the law to protect against scams, advisers can make live calls to consumers about their occupational or personal pensions if the caller is the trustee or manager of such a plan or is authorized by the Financial Conduct Authority. The recipient of the call would also need...

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