Platform Transact is to trim annual and buy commission charges in the spring as platform competition intensifies.

Transact chief executive Ian Taylor is to step down as CEO in March after 20 years with the group and will be replaced by two new CEOs.

Platform Transact has added a facility to allow users of the Timeline pension app to import Transact client portfolio data.

Law firm partner Richard Cranfield is to take over as chairman of platform Transact’s parent company Integrafin from next week, the company confirmed today.