The number of authorised firms is lower than it was in December 2012, but has risen since hitting a post-Retail Distribution Review (RDR) floor last April, according to figures from the Financial Conduct Authority (FCA).
The figures, obtained by research company Matrix Solutions, show that the number of firms fell by 145 to 23,778 between December 2012 and January 2014, which includes 33 firms de-authorising between December last year and this January. However this represents an increase of 240 from April 2013, when the number of authorised firms reached 23,538, its lowest level since the implementation of RDR. Between December 2012 and January 2014 the number of registered individuals decreased, according to the figures, dropping by 5,250 to 128,164. However four people gained authorisation between l...
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