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

Aegon has added funds from Orbis Investments to its Aegon Platform and Aegon Retirement Choices.

Adviser platform Novia Financial has merged its operations and technology teams under the direction of chief technology and operations officer Eden Scrivenger.

Integrafin, parent company of platform Transact, suffered a near £4m fall in IFRS pre-tax profit in the half year to 31 March as it was hit by rising costs and adverse markets.