Alan Lakey has branded yesterday's RDR debate a "travesty" and labelled Mark Hoban a figure of "ridicule" for claiming IFAs are no more qualified than McDonald's workers.
In yesterday's inaugural House of Commons RDR debate, Treasury Financial Secretary Mark Hoban underlined his support for higher qualifications by comparing current minimum requirements for advisers to those of shift managers at McDonald's. "Had he made those comments at a public meeting he would have been lynched," says Lakey. "If he wants to alienate a lot of the IFA population he is going the right way about it." Lakey, founder of anti-RDR lobby group Adviser Alliance, was so enraged by the comments he has called for the Treasury Financial Secretary to be sacked. "Hoban set himse...
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