• AFAs deal in category two products

Forty-one per cent of authorised financial advisers offer insurance advice, new Financial Markets Authority data shows.

It has released its latest snapshot of the country’s AFAs, compiled from the annual returns that they submit each year.

It shows that in the year to June 30, 2017, 110 AFAs left the industry and 80 joined.

Most AFAs dealt in category one products but a significant number also offered category two options. Just over 40% offered insurance advice and more than 60% said they advised on “other category two products”.

More than three-quarters of advisers were male and most were aged 36 to 55.

June 2018

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