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

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...