Experts have hailed the onset of a ban on pensions cold calling which came into force today.

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

Analysis by a pension consultancy has uncovered signs of potential scam activity in 1 in 12 pension transfer requests with unauthorised advisers among the worst culprits.

The Pensions and Lifetime Savings Association, the 1,300-member pension scheme trade association, has urged the government to speed up the implementation of its planned ban on pensions cold calling.