| Link(s): | Appointed representatives data | FCA Responsibilities and how to oversee your appointed representatives | FCA Principals and appointed representatives | FCA |
Context
The FCA has published it latest 6-monthly Appointed Representatives data, showing the numbers of ARs in different financial services sectors and the revenue generated by ARs in those sectors.
Key points to note and next actions
- As at February 2025, the UK AR population was 33.831, compared to 38,184 in February 2022, and compared to the highest number of ARs of 38,741 in February 2019.
- The number of Principal firms has dropped from 3,333 in February 2022 to 2596 in February 2025.
- As at December 2024 there were 7,359 ARs in the general insurance and protection sector, with this sector showing the biggest decrease in AR numbers during 2024 (down by 587).
- General insurance and protection had 21.7% of all UK ARs as at December 2024, but was responsible for generating 32.15% of all regulated financial services revenue generated by ARs – £3.56bn.
- The general insurance and protection sector has seen steady decreases in AR numbers since 2013, with noticeable drops in 2018 and 2021.
The FCA has also updated and refreshed the content in its ‘Responsibilities and how to oversee your Appointed Representatives’ and ‘Principals and Appointed Representatives‘ web pages.