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McCarthy hits out at EU gender directive

FSA chairman Callum McCarthy has today spoken out against an EU directive on equal treatment of men and women, saying it is likely to hinder the development of an efficient insurance market.

McCarthy has stood behind the industry, which has long rallied against the directive, saying the equal treatment directive “runs counter to good sense” and is likely increase the overall cost for consumers of buying insurance cover.

The directive will prohibit the use of gender as a factor in the calculation of premiums and benefits for insurance, and McCarthy has questioned whether the directive has even been “thought through” as a method for combating gender bias.

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