The number of consumers taking action over concerns they have been hit by a pension scam - or are at risk - has rocketed following an FCA and TPR-backed campaign.

A consultation looking at a new law to ban pension cold calls has been announced by the Government this afternoon.

A new law to ban pension cold calls must be prevented from having a “chink in the armour” by failing to include investments, a Chartered Financial Planner heading the campaign says.

A quest to make pension cold calls illegal is gathering momentum, the director of a Financial Planning firm says.