With the law not adequately protecting savers from scams, the pensions industry must be more direct with members about the risks of transfers, says Margaret Snowdon.
Pension cold-callers will face tougher sanctions from today as a long-awaited ban poses fines of up to £500,000 for "callous crooks" attempting to scam savers.
Margaret Snowdon says there are three ways to protect members from making bad decisions
PSAG says anyone who receives an unexpected call about their pension should hang up