TRANSACT’S LATEST CHARGE REDUCTIONS

• Annual Commission charges reduce from 0.29% to 0.28% and from 0.19% to 0.18% (for the respective charging bands) on 1 April 2020.
• Buy Commission exemption threshold reduces from £500k to £400k on 1 March 2020.

Transact is delighted to announce that we will be cutting our charges again. This will be our 13th set of price reductions since 2008 and will benefit the majority of Transact customers. All new customers are also eligible for the reduced rates.

Transact is committed to responsible pricing, an approach that means we will only ever reduce our rates when confident it will not negatively impact our award-winning service. We believe this is a sustainable approach which benefits both our business, and our customers.

New Annual Commission Charging Structure effective from 1 April 2020

New Buy Commission Charging Structure effective from 1 March 2020

Jonathan Gunby, Chief Development Officer said:

“As we move into a new year, we are proud to announce another set of price reductions for Transact customers. We remain committed to our responsible approach to pricing and look forward to seeing what 2020 has in store for Transact and the platform market.”

For further comment please contact:

Jonathan Gunby (Chief Development Officer) 020 7608 4900

*Notes for editors

Transact has been rated the UK’s top platform for 10 consecutive years (2010- 2019 inclusive) in both the CoreData Investment Platform Study and the Investment Trends Adviser Technology Report. CoreData and Investment Trends are international market research firms.