Next week's highly anticipated parliamentary debate on the RDR should focus on adviser charging, not populist issues like grandfathering, says Yellowtail Financial Planning MD Dennis Hall.
MPs will discuss the rule changes, which will be implemented from 1 January 2013, on 29 November in the House of Commons.
Tory minister Harriet Baldwin MP, who will lead the debate alongside Mark Garnier MP, has said the three hour slot will focus on grandfathering and the appropriateness of exams.
But Hall says IFAs risk losing the chance to raise the important issues like the effectiveness of fee-based renumeration, with qualifications "eating up" the whole debate.
"MPs should be looking at whether charging will work in the market. We're fee-based but we are still seeing huge resistance from clients for the proposed charging structure. There needs to be an alternative.
"If we're not careful we'll lose the important issues in amongst the populist causes."
He says the current system "fails swathes of people", but the FSA is trying to bring in the new rules too quickly.
"The cost of getting advice is too high. The FSA seems to allow the biggest transgressors to get away with big charges but leaves smaller IFAs everywhere feeling the pinch.
"Local presence IFAs will disappear until peole are squeezed down to the banks."
Next week's Commons debate follows an initial half hour discussion on the RDR in the smaller Westminster Hall last month, the first ever Parliamentary debate on the issue.
Tell us the questions you want raised at this month's Commons debate on the RDR and we will pass them along the Westminster corridors to the two MPs who called it, Harriet Baldwin and Mark Garnier.
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