Given how the hon. Member for Nottingham East embraces of the interweb, as he so proudly calls it, I am slightly surprised that he is so critical of my embarking on Twitter. The Leader of the Opposition seems to respond to matters of national importance in fewer than 140 characters. Perhaps we would make more progress if we all tried to do that in this debate.
The issue is important. My hon. Friends have teased out two things from the hon. Gentleman. First, he does not appear to be aware of the range of qualifications already out there in the wholesale markets, some of which are provided and examined by the CISI, the very group that supports his amendments. Secondly, when my hon. Friend the Member for Wyre Forest, who is an ardent champion of IFAs—he and I disagree from time to time on the RDR—put a concrete example, the hon. Member for Nottingham East rowed back a bit. That is why it is important to think carefully about changes such as this and to recognise that one size does not fit all. Rules are already in place, which will be enhanced under the Bill, to deal with some of the issues that he has raised.