Jenni Allen, Managing Director, Which? Money, said:
“This is a significant step against increasingly sophisticated criminals who attempt to scam people out of their hard-earned pensions.
“However, this ban will not deter all scammers, so consumers should remain vigilant. A legitimate pension or investment firm will never contact you out of the blue to discuss releasing cash from your pension, so if you get a call like this we’d advise you to hang up.”