Targeted support

Granted yesterday

Royal London one of the first to get FCA approval

Follows targeted support work

Firms can now apply for permission to provide targeted support

'Targeted support’s success depends upon firm involvement'

Could ‘undermine’ the aims of targeted support

FOI request shows just 19 firms signed up for FCA’s Pre-Application Support Service

'This is not about replacing advisers, it's about extending their reach'

Targeted support is a one-off service and does not involve ongoing suitability assessments

Regulator plans to open application gateway for firms in March