Campaigning MPs Harriett Baldwin and Mark Garnier last night declared themselves "amazed" by the cross-party support they received during the much-anticipated parliamentary RDR debate, but some said the common ground meant there was a lack of any progressive dialogue.
On a freezing night in London, as many as 80 MPs, some from as far away as Middlesbrough and East Kilbride in Glasgow, were in the House of Commons to represent the concerns of their constituents about the RDR's remuneration and qualification proposals. The debate was called by Baldwin and Garnier, who said they had been "inundated" with letters and phone calls from thousands of advisers fearful of the impact the Review would have on their livelihoods. At least a dozen MPs used six-minute time slots to call for the FSA to permit ‘grandfathering' for experienced advisers and rethink th...
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
