RDR debate: Full recap as MPs demand rethink

Today's inaugural RDR debate in Westminster Hall finished just moments ago. Here is the best of what was said...

Conservative MP Harriett Baldwin: "According to House of Commons library, this is the first time regulation of financial advisers has been debated and you have to ask why. I anticipate this is not the last we will hear on this issue. "The market for financial advice suffers from low consumer trust. "Along with banks, IFAs have been guilty of selling a product because they get a better commission. "There is no doubt the industry has a reputation that can be improved. "I share the FSA's goal to improve consumer access to the industry." Talking about the cost of the RDR, she s...