Lord Stewartby
Main Page: Lord Stewartby (Conservative - Life peer)Department Debates - View all Lord Stewartby's debates with the HM Treasury
(11 years, 12 months ago)
Lords ChamberMy Lords, I must be very brief and I shall speak only once. I want to say something in support of my noble friend Lord Flight, who made a very strong case. I have never been able to understand why financial advisers alone have no longstop for their potential liability in future years. I hope that this opportunity of having legislation which is relevant can be taken to set that right.
Perhaps I could just ask my question now, please. When the noble Lord, Lord Flight, talked about financial advisers, was he talking only about people who advise and receive a payment for their advice, or does his amendment cover those who give advice without payment?