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Political push

This week saw a House of Commons debate on the retail distribution review and a large number of MPs highlighting personal and constituent concern about the effects of the RDR, particularly around consumer access to advice. It is all too easy to be cynical about the motives of politicians but we must not forget they are democratically accountable and play an important role in holding regulators to account.

Of course, all this political pressure is not likely to lead to the scrapping of the RDR but it may well help bring forward a greater degree of pragmatism from the FSA to ensure the best interests of consumers are truly being served.

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