Yellowtail: RDR debate must be about charging, not exams

Laura Miller
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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 res...

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