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Regulatory · Targeted Support

Targeted Support — a new rung on the advice ladder

On 6 April 2026 the FCA's Targeted Support regime becomes a live permission firms can hold. It is the most material change to the regulated-advice perimeter since RDR. For most IFAs it doesn't change the day-to-day work of advising existing clients. For firms wanting to engage consumers they can't serve under full advice, it changes what's commercially possible.

Targeted Support inserts a third state between guidance and personal recommendation. A firm holding the permission can make a "ready-made suggestion" to a consumer, based on limited information about the segment that consumer belongs to. The suggestion is pre-defined as suitable for the segment in aggregate, not tailored to the individual. The consumer tells the firm enough to be placed into the segment; the firm tells them what people in that segment typically do. It is not advice. It is not pure guidance either.

The two pieces below cover Targeted Support directly and the parallel CP26/10 consultation on Simplified Advice — the rung one step up the ladder. Together they cover the full Advice Guidance Boundary Review output for IFA firms. Both are written by Eliot Jones and reviewed by Matthew Hull. Each is reviewed quarterly.

For the broader regulatory picture see the Regulatory hub. For the Consumer Duty obligations that sit across all four service levels — Information & Guidance, Targeted Support, Simplified Advice, full holistic advice — see the Consumer Duty cluster.

Where Wealth Analytica fits

Wealth Analytica is a technology vendor. We don't hold a Targeted Support permission and don't intend to apply for one. What we do provide is the underlying infrastructure — segmentation, portfolio analysis, proposal generation, Consumer Duty outcome-monitoring — that an authorised firm running Targeted Support or Simplified Advice can use to operate the service. The hard parts are the governance and the Senior Manager accountability. Those are organisational, not technical.