The government has rejected calls from MPs to force internet giants to stop investment fraud facilitated through online advertisements as part of its Online Safety bill.
In its response to the Work and Pensions committee report on pension scams, published today (July 6), the government rejected the MPs’ proposals that the forthcoming Online Safety bill should tackle fraud facilitated through advertisements, for example pension products or investment opportunities on search engines.
Instead, the government said there would be a consultation on online advertising regulation later in the year.
The government explained that the Department for Digital, Culture, Media and Sport (DCMS) was considering how online advertising is regulated through its online advertising programme.
It said this work would ensure that standards about the placement and content of advertising were effectively applied and enforced online to reduce consumers’…