FSA chief executive Hector Sants and director of conduct policy Sheila Nicoll will face the Treasury select committee next week to defend the retail distribution review.
According to the committee, the oral session is set to take place next Wednesday, March 9, at 3pm and will form part of the TSC’s inquiry into the RDR. Chairman Adair Turner could also attend the session but this has not yet been confirmed.
In November, the committee launched a consultation on the RDR and called for evidence submissions on whether it will achieve its stated outcomes.
Aifa director general Stephen Gay called the committee’s inquiry the “last opportunity” to press for changes to the RDR at the Tenet annual business conference in February.
Conservative MP Mark Garnier, who is a member of the TSC, has been a strong opponent of the RDR and was responsible, along with fellow MP Harriett Baldwin, for securing a House of Commons debate in November.