Six financial advice firms are currently actively preparing to use the Financial Conduct Authority’s (FCA) targeted support permissions ahead of its implementation coming in April.
A Freedom of Information Act request from Sicsic Advisory has revealed that 19 firms are using the FCA's pre-application support service (PASS), set up to support firms preparing their application for permission to provide targeted support services. Data obtained by the regulatory and risk consultancy revealed that 12 firms registered for PASS in September 2025, five in October 2025, and only two in November 2025. The applicants included six financial advice firms, six life insurers, five retail banks and two investment platforms. This comes as the FCA has estimated that around 96 ...
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