Transact

Transact is to cut platform fees for client portfolios of between £180,000 and £300,000 in an attempt to attract new business.

Transact has stated its intention to float following its failure to secure a buyer last year.

Ascentric's managing director, Hugo Thorman, has argued advisers' use of model portfolios is hindering the popularity of investment trusts.

The private equity firms eyeing wrap provider Transact have withdrawn their approaches, Investment Week understands.

The regulator is to meet members of Tisa to discuss re-registration rules next month, with the trade body reiterating to platforms best practice guidelines when dealing with super clean share classes after issues arose recently.

Transact has appointed Goldman Sachs to broker a full sale of the business, with senior staff open to an exit if a takeover is agreed, Investment Week understands.

Wrap platform Transact has acquired a 15% stake in adviser technology business Sprint Enterprise Technology, operator of adviser software system Fastrak.

Transact has said it will halve both its buy commission and dealing charges from 1 March.

Last night the prestigious Aberdeen UK Platform Awards were held in London. Here are all the winners and the judges' comments on why they scooped the prizes.

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