Alex Cowan-Sanluis: FCA data shows advice sector in rude health

The Financial Conduct Authority (FCA) recently released its annual analysis of the intermediary sector, based on data drawn from the Retail Mediation Activities Return (RMAR) for 2021. Unsurprisingly, this appears to have been lost in all the excitement regarding Consumer Duty, but I think it is an important report to consider, and one that shows the advice sector is in increasingly rude health. In terms of structure, the market is reported to be remarkably stable, with 5,118 advice firms, and 27,839 staff who are able to give advice on retail investment products. This compares to 5,1...