Net inflows for adviser platform Transact rose 16% to £2.68bn in the six months ending 31 March.

IntegraFin Holdings, the parent company of adviser platform Transact, has reported a 1.9% drop in funds under direction in its second quarter as global markets took a tumble.

Advised platform gross sales exceeded £20bn in every quarter of 2021, according to a new report.

Adviser platform Transact is cutting its annual commission charge from 0.27% to 0.26% from July.