The RDR will now be subject to a full Parliamentary debate, but do not expect the FSA or its successor organisation to backtrack on any of its major proposals.
Harriett Baldwin MP, having led a 30-minute debate at Westminster Hall last month, has now secured a three-hour slot for a full discussion of the Review's merits and drawbacks. It may even be in the House of Commons. But advisers should not expect anything other than a re-cap of arguments heard over and over again for more than four years now. It seems an awful long time since Callum MCarthy first mooted the idea of a review of UK retail distribution at Gleneagles in 2006 (it is actually almost 50 months). He said the distribution system was "distinguished by a focus on business vo...
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