IntegraFin Holdings plc Transact Pricing Change

TIDMIHP

IntegraFin Holdings plc

03 February 2022

LEI Number: 213800CYIZKXK9PQYE87

IntegraFin Holdings plc

Announcement of price changes for the Transact platform

3 February 2022

IntegraFin Holdings plc highlights the price changes announced today by Transact - the market leading platform providing services to UK clients and their financial advisers.

Alex Scott, IHP CEO, said:

This price change is part of the strategy we are implementing to share the benefits of our scale with our clients, and to continue to increase our funds under direction.

There is limited additional impact on revenue in financial year 2022 (with the price change announced in February 2021 already coming through for the full financial year 2022), and then a full year impact in financial year 2023 which we expect to be partially offset by growth in flows.

Jonathan Gunby, IFAL (Transact) CEO, said:

We are pleased to be reducing our charges again, in a measured way, to balance our desire to share the benefits of our scale economies while investing in our service delivery for advisers and clients. More than 167,000 clients will see lower charges and those portfolios valued between GBP200k and GBP300k will enjoy both reductions.

   --      Buy Commission exemption threshold reduces from GBP300k to GBP200k on 1 March 2022.

-- Annual Commission charge reduces from 0.27% to 0.26% (for the respective charging bands) on 1 July 2022.

New Transact Annual Commission Charging Structure

- effective from 1 July 2022

 
    Single or consolidated Portfolios of less 
                  than GBP100,000 
                               Cash & Investments 
                              =================== 
      GBP0 - GBP60,000               0.50% 
                              =================== 
 >GBP60,000 and <GBP100,000          0.26% 
                              =================== 
 
 
  Single or consolidated Portfolios of GBP100,000 
                      and above 
                                 Cash & Investments 
                                =================== 
       GBP0 - GBP600,000               0.26% 
                                =================== 
  >GBP600,000 - GBP1,200,000           0.17% 
                                =================== 
 >GBP1,200,000 - GBP5,000,000          0.07% 
                                =================== 
       On the remainder                0.05% 
                                ===================

New Transact Buy Commission Charging Structure

- effective from 1 March 2022

 
 Monthly Average Portfolio    Refund   Effective 
            Value                         Rate 
          <GBP200k              0%       0.05% 
                             =======  ========== 
          GBP200k+             100%      0.00% 
                             =======  ==========

Enquiries

 
 Media 
 Lansons 
 Tony Langham             +44 (0)79 7969 2287 
 Maddy Morgan Williams    +44 (0)79 4736 4578 
 
 Investors 
 Luke Carrivick             +44 020 7608 5463

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END

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