A total 9,317 individuals joined the Financial Conduct Authority (FCA) Register in the last six months of 2025, new data published by ISS Market Intelligence (ISS MI) has shown.

Figures also revealed a slowing decline in the number of financial services firms, with a 1.7% percent drop to 69,385 active firms in H2 2025.

ISS MI, which provides data to the global financial services industry, unveiled the figures in its latest Landscape Report, which explored the key metrics and trends shaping the landscape of the UK’s financial services industry.

The report showed that the number of unique individual employees of financial services firms also reduced, by 1.2%, to 219,916 over the same period. The majority of firms deauthorised from the FCA Register were in credit broking.

Despite the overall decline in the number of financial services firms, ISS MI said the number of firms joining the FCA Register in H2 2025 increased to 3,331. Of the firms joining, 284 offered investment advice and 316 provided mortgage advice.

“The financial services landscape never stops shifting,” head of research development at ISS MI, Benjamin Reed-Hurwitz, commented. “Staying on top of developments across different segments is challenging, yet it’s essential for sales and marketing teams that want to stay competitive.

“Many firms can find themselves missing out on valuable opportunities, such as new players entering the market, simply because they aren’t aware they’re out there.”

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