Adviser platform Transact is to reduce costs for more family members from 1 April.

The platform said it had extended its family-linking in order to become the, “natural home for inter-generational planning and gifting”.

Advisers using the Transact platform will be able to accept linking requests for siblings, partners of siblings, nieces and nephews from 1 April.

It is an extension to Transact’s existing family linking, which since launch last year has seen over 150,000 clients linked on the platform.

Since 2025 the platform has only charged a single pension wrapper fee for clients in a linked family group.

The service also allows clients to view all of their family’s assets via its Family View feature and benefit from cross wrapper processes to move assets tax-efficiently across generations.

Tom Dunbar, CEO of Transact, said: “In 2025 we had fantastic support from advisers with record transfers to the platform and strong net flows. We want clients to share in our success via improvements to the platform and reductions to our prices.

"Advisers have asked us for more flexibility around family linking and I am delighted we are able to respond.”

Transact claims its family linking service can reduce platform costs across a family by 48%.

Established in 2000, Transact holds over £77.2bn of funds under direction on behalf of over 249,000 clients (as at 31 December 2025).

• Financial Planning Today Analysis: Transact's move is a clear effort to bring in more of the increasingly important family wealth market. Many planners are focusing on this sector so the changes are timely and likely to be followed by others. Many Financial Planners see the family wealth market as one with major growth potential, particularly as IHT changes make tax planning more complicated in terms of inter-generational wealth transfer.