Platform Transact saw funds under direction drop in the latest quarter by £2bn compared to the same period a year earlier, according to quarterly figures out today.

Adviser platform Transact has created an inheritance tax index to enable advisers to track IHT liability trends with their clients.

Adviser platform Transact is to reduce its buy commission exemption threshold from £200,000 to £100,000 from 1 March.

Transact parent IntegraFin Holdings issued a trading statement today saying that the group was “performing well” with adjusted pre-tax profit for the year ended 30 September expected to be “moderately above” the top end of analysts’ estimates.