The Government has proposed banning cold calls offering any financial products as part of its plan to tackle fraud and scams.

The Government is to ban cold-calling for all financial products as part of its beefed-up strategy to tackle financial fraud.

From today pension scammers who use cold calling can be hit with fines of up to £500,000.

Pensions cold calling is set to finally be banned on 9 January, a top Treasury Minister has confirmed.