Transact pulls out of race for Nucleus

Integrafin, parent company of platform Transact, has released a Stock Exchange announcement this afternoon stating that it now has “no intention” of making an offer for rival Nucleus Financial Group.

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FCA fines Charles Schwab UK £8.96m

The Financial Conduct Authority has fined investment platform Charles Schwab UK Ltd (CSUK) £8.96m for a series of safeguarding and compliance failures.

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Transact to cut charges in April as profits rise

Transact is to cut some of its charges in April with annual commission charges and buy commission charges both reduced.

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Private equity firm snaps up £8bn Novia platform

Private equity firm AnaCap Financial Partners has acquired the £8bn Novia adviser platform, its third platform acquisition in 12 months.

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