Garnier to take RDR fight to small business minister

Laura Miller
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Mark Garnier, one of the MPs who called last night's debate on the RDR, says his next step will be to lobby small business minister Mark Prisk about the potential adviser exodus after 2012.

Garnier, who has so far focused on raising the issue with the Treasury on grounds of consumer detriment, says he will now seek to gain extra weight for his argument by citing the importance to the economy of encouraging enterprise. In his opening speech to last night's debate, Garnier called IFAs "a resource of professionals who will be able to spread the word" on solving the "dire financial situation" many Britons find themselves in. He told MPs this resource will be decreased considerably unless the FSA reconsiders aspects of the RDR, lowering consumer choice and shrinking a sector...

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