The government's proposals to clamp down on pensions cold calling are still lacking in detail and it needs to be much clearer about how they will be introduced, says the industry.
On Sunday the government confirmed it will move ahead with "tough" measures to protect pension savers from scammers, and published its response to the consultation which had been delayed as a result of the General Election.
These policies include a ban on cold calling, making it harder for fraudsters to open shady pension schemes and limiting the statutory right to transfer to some occupational plans.
The response said it intends to bring forward legislation when parliamentary time allows but has different dates of implementation for the different proposals.
In terms of making it harder for fraudsters to open pension schemes, the government wants to introduce legislation in a finance bill later in 2017 aimed at ensuring that only active companies can register a pension scheme.
For limiting the statutory right to transfer to some occupational pension schemes, it is expected legislation will follow the roll-out of the master trust authorisation regime towards the end of 2018.
Hargreaves Lansdown senior pensions analyst Nathan Long warned a poor final draft of the regulations might stifle important communications to members.
"As an industry we have to press the government to ensure the final legislation does not make providers shy about communicating with members about the importance of saving because they fear falling foul of the cold call regulations.
"It is incredibly important the government is mindful of this when they draft the rules. It would be an absolute disaster if for any reason the rules when they finally get here, do not allow providers to convey important information to savers."
Pensions and Lifetime Savings Association (PLSA) policy lead on engagement and EU regulation James Walsh explained the government must clarify the timeline for these policies.
"While this is a step in the right direction, there is much more the government could do to protect savers from pension scams sooner rather than later. People are at risk of losing their pension savings to scammers and we need a clear timetable from government on when it will implement key elements of its proposals. We need more urgency."
Pension Liberation Industry Group (PLIG) chairwoman Margaret Snowdon said while she was pleased to see that some of the group's recommendations had taken into account, "unfortunately there is still further work" and "no timetable for legislative change on cold calling".
"Action is needed now. PLIG will update the code of good practice which has already saved in excess of £250m from scams. We will issue revised guidance as soon as possible to help schemes to take the right steps."
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