Transact has told advisers it is not looking to expand into the direct to consumer (D2C) or workplace savings markets and will instead focus solely on the IFA space.
In an adviser update, the UK's first wrap dismissed the emerging D2C and workplace savings space as "experiments in developing markets" triggered by the platform industry's rush to find new outlets. "We have looked at the developments likely to emerge in the areas of workplace savings, direct to consumer and affinity group offerings...
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