Funds under direction (FUD) for adviser platform Transact rose 7.2% over the quarter ending 30 June.

Staff at adviser platform Transact will start to return to the office from August as the platform pilots a hybrid working model.

The platform sector has recovered strongly this year with inflows reaching the highest levels since the DB transfer and Pension Freedoms booms of 2018, according to the platform consultancy lang cat.

Tom Dunbar has been appointed chief development officer at adviser platform Transact’s parent company Integrated Financial Arrangements (Integrafin).