Transact will reduce prices by extending family linking for families, following feedback from advisers for greater support around intergenerational planning.
From 1 April 2026, the firm’s family linking policy will be extended to accept linking requests for siblings, partners of siblings and nieces and nephews.
The new pricing approach will give advisers greater flexibility to serve families irrespective of their family or relationship structure.
Transact said that the changes mean more clients can benefit from family linking and potentially lower platform charges and follows a price reduction in 2025 to only charge a single pension wrapper fee for clients in a linked family group.
Since the launch of family linking, over 150,000 clients have been linked on the platform. Clients can also view all their families’ assets via Transact’s ‘Family view’ feature and benefit from cross wrapper processes to move assets tax-efficiently between generations.
Set against a backdrop of people living longer, changes to the treatment of defined contribution pensions for IHT purposes, care costs and the cost-of-living crisis, Transact said there was growing demand among advisers for greater support for intergenerational planning.
Tom Dunbar, CEO of Transact, said: “In 2025 we had fantastic support from advisers with record transfers to the platform and strong net flows. We want clients to share in our success via improvements to the platform and reductions to our prices.
“Advisers have asked us for more flexibility around family linking and I am delighted we are able to respond. Transact is designed to make financial planning easier for families. This includes our breadth of tax wrappers, the ability to open wrappers and move money, the visibility of portfolios and our approach to pricing.”
