3rd Feb 2022 11:08
IntegraFin Holdings PLC - London-based investment platform - Notes price reduction announced by subsidiary Integrated Financial Arrangements Ltd, known as Transact, which is an investment platform for UK investors and their financial advisers. Buy commission exemption threshold reduces from GBP300,000 to GBP200,000 on March 1. Annual commission charge reduces from 0.27% to 0.26% on July 1.
IntegraFin says there will be a limited impact on revenue in the current financial year, which ends on September 30. In financial year 2023, it expects the impact to be partially offset by growth in flows.
"We are pleased to be reducing our charges again, in a measured way, to balance our desire to share the benefits of our scale economies while investing in our service delivery for advisers and clients. More than 167,000 clients will see lower charges," Transact Chief Executive Jonathan Gunby says.
Current stock price: 489.60 pence
12-month change: down 11%
By Greg Roxburgh; [email protected]
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