Independent Financial Advisers Debate

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Department: HM Treasury

Independent Financial Advisers

Charlie Elphicke Excerpts
Wednesday 20th October 2010

(14 years, 1 month ago)

Westminster Hall
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Harriett Baldwin Portrait Harriett Baldwin
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There are indeed advantages, and I thank the hon. Gentleman for his helpful intervention. He obviously has a lot of experience of dealing with the sector.

It is estimated that there are about 45,000 IFAs in the country, many of whom are sole traders.

Charlie Elphicke Portrait Charlie Elphicke (Dover) (Con)
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Should those tens of thousands of small traders not be encouraged to use their entrepreneurialism to help people save, rather than being squashed by the dead hand of unthinking regulation?