Aifa has warned that the FSA needs to be more concerned with the timing of the many upcoming EU directives rather than the precise wording of each document, saying taking on so many directives at once will be costly and confusing.
The warning comes as Aifa responds to the FSA's consultation on the implementation of the EU Insurance Mediation Directive.
Aifa director general Paul Smee says: “The FSA is going to be implementing several EU directives over the coming years. It should be more concerned with the purpose behind each directive than with its precise wording. That way, cost and confusion can be avoided.”