Transact records £1.1bn in new business flows in the six months to March

The total number of platform registered advisers has reached 7,849

Hope Coumbe
clock • 1 min read

Transact has today (22 May) recorded a strong last six months with net new business inflows of £1.1bn since September 2023.

The results from the platform's operator company IntegraFin (IHP) come after a challenging 2023 which saw advised platforms experience highest ever total outflows. As at the end of March, there were closing funds under direction (FUD) of £61bn on the platform, with higher daily average FUD driving a 6% growth on the six months prior in group revenue to reach £70.4m. The Transact platform's adviser base figures also reached 7,849 on 31 March – a 4% increase on the last half-yearly period. IHP group chief executive Alexander Scott said: "Transact continues to grow its client and advi...

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

Schroders UK Platform Awards 2024: Adviser entries open!

Schroders UK Platform Awards 2024: Adviser entries open!

Awards to be held on 24 September at the London Hilton Park Lane

Professional Adviser
clock 14 June 2024 • 2 min read
Are you feeling more or less positive about your platform? You told us…

Are you feeling more or less positive about your platform? You told us…

‘Some platforms have improved whilst others having more problems’

Isabel Baxter
clock 29 May 2024 • 2 min read
Schroders UK Platform Awards 2024: Call out for adviser views

Schroders UK Platform Awards 2024: Call out for adviser views

Let us know what matters to you when it comes to the platforms you use

Professional Adviser
clock 28 May 2024 • 1 min read