Integrafin, parent company of adviser platform Transact, has reported advised client numbers climbed to a record 229,000 in the three months to the end of June.

The FCA has written to investment platforms and SIPP providers to ask them to disclose how much of the interest they receive from cash and bank deposits they pass on to their customers. 

Octopus-owned investment platform Seccl has launched a fully digital and paperless drawdown SIPP.

Adviser platform Transact has criticised the approach some other platforms have taken towards cash handling and the use of cash interest.