IFAs represented over 40 per cent of total new FSA authorisations in Q3, 2010, according to the IMAS quarterly FSA survey.
There were 129 new authorisations of IFAs out of a total 319 new authorisations in Q3. The study of the FSA register shows that total authorisations rose from 287 in Q2. Cancellations in Q3 fell to 425, from 495 in Q2.
The number of mortgage broker authorisations rose from eight in Q2 to 15 in Q3.
IMAS says there is potential for net positive authorisations in the foreseeable future, which was only achieved in Q2, 2007 over the past four years.