Call for FSA to cut back on consultation documents

house of parliament

The FSA needs to take a ‘simplified' approach to how it consults with the industry, according to the new chairman of the All Party Parliamentary Group on Insurance and Financial Services.

Jonathan Evans, a former trade minister and MEP, supports the coalition Government's plans to split the FSA.

However, he warns the new regulators must not adopt the FSA's current policy of issuing a raft of consultation papers.

Evans says in his role as a board member of NFU Mutual he was bombarded with a huge