HSBC to roll out targeted support later this year

Bank has applied for its pre-application support service

Sophia Panayi
clock • 2 min read

HSBC has applied for its pre-application support service (PASS) for targeted support with plans to roll out an offering later this year.

HSBC head of digital wealth and platforms Emma Tilt told Professional Adviser, the bank felt it was "super important" to look into targeted support and "believe[s] in the regulation". "Targeted support is a great new piece of regulation that will really help trying to get more of the general UK population invested," Tilt said. According to Tilt, HSBC applied for its PASS and has been having many conversations with the regulator as it has been forming its proposition. The proposition itself is "relatively simple", offering support for investing. It will focus on "building custome...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Support for clients with disabilities not 'broad enough' in financial advice

Support for clients with disabilities not 'broad enough' in financial advice

Evidence of ‘massive improvements’ but there’s still more to do

Sophia Panayi
clock 14 July 2026 • 6 min read
Foresters Financial receives targeted support permission

Foresters Financial receives targeted support permission

Proposition to launch in coming weeks

Sophia Panayi
clock 14 July 2026 • 1 min read
Advisers urged to prepare for crypto regime despite continued caution

Advisers urged to prepare for crypto regime despite continued caution

‘Advisory firms cannot treat this as someone else's problem’

Isabel Baxter
clock 13 July 2026 • 4 min read