Peer criticises Westminster's acceptance of RDR commission ban

Lord Flight garnered a mixture of praise and criticism over the past few days after penning a letter to the Financial Times predicting the RDR reforms will lead to only the rich being able to afford advice. Speaking to IFAonline, Lord Flight, a former chairman of Investec Asset Management, explained his strong feelings on the issue and why his colleagues in Westminster were not being vociferous about it. He said: "Generally, I think people in both the Commons and Lords don't really understand the issues and are quite willing to accept a moral judgment that commission is a bad thing. ...