Wrap platform Transact ‘resilient and financially strong’

One of our main wrap platforms of choice, Transact, has issued words of encouragement during the Coronavirus (Covid-19) outbreak.

Transact released a statement which read:

“We are continuing to review and implement guidance as it is received from the government. All of our staff are now working from home.

“Our priorities remain the welfare of our staff and delivering the best service possible for our clients, while monitoring and adhering to UK government advice and guidance relating to COVID-19 Coronavirus.

“Staff are adapting well to the new working arrangement and we are taking steps to ease this transition for them.

“Transact’s parent company, Integrafin Holdings plc, is a financially sound business with capital and liquidity well in excess of minimum regulatory requirements. Our 2019 financial results confirmed that we are profitable and hold over £40m liquid capital over and above our requirements. We remain financially strong and resilient.

“Our Transact staff continue to be committed to delivering the best service possible and your patience and understanding is much appreciated in these challenging times.”