The House of Commons’ debate about the impact of the retail distribution review on financial advisers will be held on November 30.
Conservative MPs Harriett Baldwin and Mark Garnier have been strong advocates of the debate and pushed for it in Parliament.
Baldwin and Garnier are both urging IFAs to lobby their local MP to speak on their behalf at the debate.
The announcement was made by the backbench business committee last week. The time of the debate will depend on other Commons’ business.
Baldwin says: “This is a huge milestone for the many thousands of IFAs across the country who fear their livelihoods will be ruined by the implementation of the RDR.
“It is also important to highlight the reduced access to financial advice for so many people.”
Anand Associates Wealth Management managing director Bhupinder Anand says: “I am happy to support the debate. If the RDR can be stopped in its tracks for a comprehensive and sensible review of its dangerous implications, that would be the wisest decision since Solomon.
“However, in the absence of confirmation that the RDR will not happen, you have to assume it will and prepare for it.”