(Sharecast News) - IntegraFin Holdings reaffirmed cost guidance on Tuesday alongside a surge in funds under direction, on the back of robust global equity markets.
Updating on third-quarter trading, the owner of the Transact investment platform said FUD rose 23% year-on-year in the three months to June end to £85.5bn, and 10% on the three months to March end. It attributed the hike to "positive momentum" across equity markets. Net inflows to the platform were £1.01bn, modestly below the £1.33bn seen in the previous three months, but representing 5.2% of opening FUD for the quarter annualised.

Looking to the rest of the year, IntegraFin said Transact remained well-positioned to grow its share of advisor platform market net inflows.

"The Transact proposition is distinctive in offering in-house onshore and offshore bond wrappers," it added. "These wrappers are increasingly important for financial planning, as advisors and clients navigate the changing tax environment, as pensions become included within the estate for inheritance tax from April 2027."

It also reiterated cost guidance for total underlying administrative expense growth to slow to around 3% in both of the 2026 and 2027 full years, on the back of cost management initiatives and operational efficiencies.

Alex Scott, chief executive, said: "The Transact platform continues to deliver strong net inflows, driven by high levels of transfers in from other providers as well as additional contributions from new and existing clients.

"As we implement efficiencies and operational leverage across the group, we expect to deliver strong, sustainable earnings growth."

Shares in the FTSE 250 firm - which have put on 13% over the last year - were down nearly 4% as at 1230 BST, at 366p.

See latest RNS on Investegate

• News Channel