The Treasury Select Committee has called for written evidence on the RDR, ahead of a three hour debate on the rule change next week.
The Committee says it has decided to call for evidence on whether the RDR will achieve its stated outcomes, and whether the outcomes could be achieved in other, potentially better, ways.
In a hearing on Tuesday, FSA CEO Hector Sants told the Select Committee ministers the RDR had three specific outcomes;a transparent and fairer charging system, a better qualification framework for advisers. and greater clarity around the type of advice being offered.
The Treasury Committee says it will decide whether and how to take the matter of the RDR further in the light of written evidence received.
MPs will discuss the rule changes, which will be implemented from 1 January 2013, on 29 November in the House of Commons.
Tory MP Harriett Baldwin will lead the three hour debate alongside Mark Garnier MP.
Baldwin says the Committee's decision is "an important step" towards the Treasury properly investigating the impact of the RDR on IFAs.
IFAs should write to their MPs ahead of the debate to voice their concerns, she says.
"I urge the hundreds of IFAs who have written to me on this subject to submit their thoughts to the Committee. I can also submit a binder full of evidence. Can IFAs who wish not to be included let me know."
"MPs will get the chance to speak on behalf of their constituents in the Commons on Monday 29 and I encourage IFAs to ask their own MPs to speak up on their behalf in this televised debate."
Written evidence should be in Word or rich text format, not PDF, and sent by e-mail to [email protected].
The body of the e-mail must include a contact name, telephone number and postal address. The e-mail should also make clear who the submission is from.
The deadline is 12 noon on Monday 17 January 2011. Submissions should be no longer than 2000 words.
Further guidance on the submission of evidence can be found here.
AIFA policy director Andrew Strange says: "The Select Committee must look at issues such as allowing competence to be evidenced through vocational routes, and allowing for an appropriate, pragmatic transitional period, without cliff-edge dates."
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