Platform Transact has embargoed staff leave for several weeks to cope with the end of tax year rush.

Platform and SIPP provider Embark has enhanced its Embark Platform to improve service for Financial Planners and advisers.

The advised platform market has experienced its worst quarter for net flows since 2016 with just £4.3bn added in Q4 2022 - down £5.4bn on a year earlier.

Parmenion has added DFM portfolios from wealth manager RBC Brewin Dolphin and investment manager Morningstar to its adviser platform.

Transact parent IntegraFin Holdings issued a trading statement today saying that the group was “performing well” with adjusted pre-tax profit for the year ended 30 September expected to be “moderately above” the top end of analysts’ estimates.

Adviser platform Transact has launched a training academy for new staff as it aims to restore its service levels to previous standards.

Adviser platform Novia has added new benefit crystallisation event and pension income functionality.

Total platform assets under management (AUM) slumped by £52.2bn to £838.4bn in the second quarter, down 5.9% on the previous quarter.

Integrafin Holdings, the parent company of adviser platform Transact, is to challenge HMRC’s decision to exclude one of its companies from the UK VAT group.

SIPP provider and investment platform AJ Bell has appointed deputy CEO Michael Summersgill to succeed founder Andy Bell as CEO from 1 October, subject to regulatory approval.