Transact pre-tax profits up 10% to £33.7m - H1 results

£53.5bn on platform

Jenna Brown
clock • 1 min read

Pre-tax profits for the first half of the year at platform Transact were up 10% to £33.7m, according to results from parent company IntegraFin Holdings.

Transact also reported record gross and net inflows of £4.07bn (+9%) and £2.68bn (+16%) respectively and funds under direction of £53.5bn.  IntegraFin said group revenue was up 13% to £67m for the six months to 31 March 2022 and net inflows were up 16% to £2.68bn. It bought advice firm Time4Advice (T4A) in January 2021. The results said investment in T4A saw a loss for H1 2022 of £1.1m, and post combination payments of £1.5m. Overall, group profit before tax was up 2% to £31.7m and a first interim dividend of 3.2p per share was declared. Alex Scott, chief executive, IntegraFin H...

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 Platforms

Majority of advisers put platform and provider choice down to data provision

Majority of advisers put platform and provider choice down to data provision

‘Advice firms need good data for regulatory compliance’

Isabel Baxter
clock 03 July 2025 • 2 min read
Wesleyan launches 'digital-first' platform for its advisers

Wesleyan launches 'digital-first' platform for its advisers

Powered by SS&C Technologies Holdings

Isabel Baxter
clock 18 June 2025 • 1 min read
PA Awards 2025: Why Aviva came out top for platform success

PA Awards 2025: Why Aviva came out top for platform success

Aviva’s Al Ward on learning from adviser feedback and the push for clarity

Jen Frost
clock 12 June 2025 • 3 min read