Transact reduces charges for lower value portfolios

Transact has reduced charges on its platform and has lowered the threshold size of client portfolios eligible for lower annual fees from £180,000 to £150,000.

Previously, clients with portfolios valued below £180,000 have had to pay a higher 0.5% fee on the first £60,000 invested, and the lower 0.325% fee on the remainder of their assets. From 1 November,...