IntegraFin's Transact saw "heightened" inflows, outflows before budget

(Alliance News) - IntegraFin Holdings PLC on Tuesday said its Transact investment platform rounded off its first quarter with record funds under direction, despite uncertainty ahead of the UK budget in November.

In the three months to December 31, the platform achieved "strong" net inflows of GBP1.0 billion, up 11% on-year. Quarter end funds under direction totalled GBP77.2 billion, a record figure, up 17% on-year.

"The Transact platform experienced both heightened inflows and outflows in the lead up to the UK autumn budget in October and November 2025, caused by elevated pension wrapper activity as clients reacted to extensive pre-budget speculation. Flows have since returned to normalised levels," London-based IntegraFin said. "The Transact platform is well-positioned to continue to attract and grow its strong share of adviser platform market net inflows in FY26 and beyond."

The date of the budget was November 26.

Looking ahead, IntegraFin reiterated its cost guidance. It expects total underlying administrative expense growth to slow to around 3% in each of financial 2026 and financial 2027 amid "cost management initiatives and operational leverage".

"A combination of our compelling revenue growth fundamentals and the implementation of the cost management initiatives put the group in a strong position to accelerate profit growth in the coming years," the company added.

Shares in the company fell 0.3% to 350.00 pence each in London on Tuesday morning.

By Eric Cunha, Alliance News news editor

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