The FCA, Client Cash and the Future of Platform Charging

In this special edition of the Transact Podcast, Chief Development Officer Andrew Cullen-Jones is joined by Transact CEO Tom Dunbar, James Daley of Fairer Finance and Jack Gilbert of Citywire New Model Adviser to explore one of the most closely watched issues in the UK platform market cash interest retention.

Together, they discuss:

• how client cash is held and managed on investment platforms
• why cash interest retention has become a growing focus for regulators, policymakers and consumer groups
• the role of Consumer Duty, fair value assessment and transparency requirements
• the FCA’s latest consultation and what it could mean for platforms, advisers and investors
• how advisers assess platform charging structures and value for clients
• the different perspectives shaping the debate across the industry
• what future regulatory, political and market developments could mean for platform charging.

Bringing together platform, consumer and media perspectives, this episode examines the key issues behind the headlines and explores the challenges, opportunities and trade-offs at the heart of the client cash debate.

To stay up to date with the latest industry developments, don’t forget to subscribe to the Transact Podcast on Spotify and Apple Podcasts and follow us on LinkedIn and X.

For more information visit our website at: https://www.transact-online.co.uk⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

This podcast is provided for advisory professionals only. This podcast is for general information purposes only and does not constitute financial, investment, or legal, regulatory, tax or any other advice. All information is based on our understanding and interpretation of applicable law and regulation, which is subject to change. While we strive to ensure accuracy, we make no guarantees regarding the completeness or reliability of the content. The views of third parties are their own.

In the latest episode of the Transact Platform Podcast, we explore a range of recent enhancements to Transact Online, designed to make financial planning easier and improve the experience for both advisers and their clients.

Joining the discussion are David Styles, Transact's Head of System and Service Development, and Stuart Fleat, Transact's Head of Distribution, who provide an overview of the latest platform developments and the thinking behind them.

Topics covered include:

• the new Bond Gain Calculator to help calculate the impact of proportional versus segmental withdrawals.
• the launch of the Flexible Reversionary Trust
• enhancements to transfer functionality within the Guided Application
• new online direct debit and bank account setup capabilities
• upcoming regular cash transfer functionality, and
• future enhancements aimed at reducing administrative friction.

The episode delves into our latest digitalisation developments that help advisers work more efficiently and deliver better outcomes for clients.

To stay up to date with the latest industry developments, don’t forget to subscribe to the Transact Podcast on Spotify and Apple Podcasts and follow us on LinkedIn and X.

For more information visit our website at: https://www.transact-online.co.uk⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

This podcast is provided for advisory professionals only. This podcast is for general information purposes only and does not constitute financial, investment, or legal, regulatory, tax or any other advice. All information is based on our understanding and interpretation of applicable law and regulation, which is subject to change. While we strive to ensure accuracy, we make no guarantees regarding the completeness or reliability of the content. The views of third parties are their own.

In this episode of the Transact Podcast, Andrew Cullen-Jones, Chief Development Officer at Transact, is joined by Tim Horrocks, Founder of rockwealth, to explore the lessons, decisions and philosophies that have shaped rockwealth's journey from a small advisory firm in Cheltenham into a UK-wide financial planning business.

Tim shares the story behind becoming directly authorised, the challenge of launching a business, and why creating the firm he couldn’t find elsewhere become the foundation for rockwealth’s growth.

Topics covered include:

• building an advice business from the ground up
• the realities of becoming directly authorised
• scaling from a local firm to a national network
• evidence based investing and factor investing
• fixed fees, fair pricing and client outcomes
• why behavioural coaching is often the biggest source of adviser value
• using technology, data, and AI to support ownership and long-term growth
• how pension inheritance tax changes could influence future planning strategies

Throughout the episode, Tim shares candid insights on entrepreneurship, leadership and what it means to build a business around a clear philosophy, while keeping clients at the centre of every decision.

Whether you're an established adviser, considering setting up your own firm, or interested in the future of financial planning, this episode is packed with practical takeaways and thought-provoking ideas.

To stay up to date with the latest industry developments, don’t forget to subscribe to the Transact Podcast on Spotify and Apple Podcasts and follow us on LinkedIn and X.

For more information visit our website at: https://www.transact-online.co.uk⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

This podcast is provided for advisory professionals only. This podcast is for general information purposes only and does not constitute financial, investment, or legal, regulatory, tax or any other advice. All information is based on our understanding and interpretation of applicable law and regulation, which is subject to change. While we strive to ensure accuracy, we make no guarantees regarding the completeness or reliability of the content. The views of third parties are their own.