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Transact owner set for £7.9m VAT battle with HMRC

Integrafin Holdings, the parent company of adviser platform Transact, is to challenge HMRC’s decision to exclude one of its companies from the UK VAT group.

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New CEO for AJ Bell as founder steps down 

Investment platform and SIPP provider AJ Bell has appointed its deputy CEO Michael Summersgill to succeed founder Andy Bell as CEO from 1 October, subject to regulatory approval. 

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Advisers ‘ISA dumping’ due to volatility fears

Advisers opened and filled ISA accounts to max out annual allowances in a single transaction in March due to the impact of volatility gripping markets in the first quarter of this year, according to a new report.

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AJ Bell drops platform costs as profits fall

Profit before tax at investment platform AJ Bell fell to £26.1m (HY21: £31.6m) for the six months ending 31 March.

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