FCA reveals 13 firms applied for targeted support authorisation

This is up from the seven firms that had applied to offer targeted support as of 26 March. Additionally, the FOI revealed that seven firms have been granted authorisation: Royal London, Vanguard, Quilter, Legal & General, Zopa Bank, Monzo and Aviva. Meanwhile, no firms have applied for targeted support authorisation and been rejected yet. The FCA initially estimated that around 96 firms will go on to offer targeted support. However, on the day the initiative was launched, two firms had received authorisation. Sicsic Advisory Consumer Investments Practice lead Clive Gordon not...