On the coldest night of the year and with London at a standstill, MPs spent three hours debating (or agreeing) on the RDR. Missed the debate? See our minute by minute blog...
Begin at the bottom of the page 22.07 Well there you have it. A much more impassioned 'debate' than I would have predicted but very one-sided. The reasons why the RDR is being implemented only mentioned briefly at the end and this could stir up anti-RDR feeling once more. MPs across the House clearly very concerned about some of the proposals especially the qualification requirements and lack of grandfathering. They also warned about restrictions to advice in rural areas and how the changes are playing into the banks' hands. There was also a lot of anger about the lack of consultation...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
