Transact reduces charges for higher-value clients

The price reduction will mean clients with a single or linked portfolio value of £500,000 or more will no longer pay so-called 'buy commission' - a charge of up to 0.05% when a customer buys an investment, although Transact said this may be refunded at the end of each month depending on the value of the client's portfolio and any linked portfolios. Rivals' re-platforming woes boost Transact's Q3 net sales - Fundscape The firm expected the move would benefit "many thousands of clients", with Transact chief development officer Jonathan Gumby adding: "We are pleased to be reducing our ch...