Can the fight be won for RDR changes?

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Joe Egerton, director of lobby group Justice in Financial Services, asks whether IFAs can still derail the RDR after the recent parliamentary debate.

The House of Commons debate on the RDR on the evening of 29 November 2010 displayed a remarkable unanimity against the FSA’s proposals. Winding up, the shadow minister said that Mark Hoban must have been relieved that there was to be no vote. The government whips would have found it very difficult to secure a majority for a motion endorsing the RDR. Does this mean that the RDR is dead? No. As Mark Hoban reminded the House, under the Financial Services & Markets Act 2000, the FSA has the legal power to push the RDR through. Giving evidence before the Treasury Committee on 23 November, ...

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