Company Announcements

Q2 Funds Under Direction Statement

Source: RNS
RNS Number : 9467V
IntegraFin Holdings plc
20 April 2021
 

LEI Number: 213800CYIZKXK9PQYE87

IntegraFin Holdings plc

Q2 Funds Under Direction update

 

Funds Under Direction ("FUD") Update

 

20 April 2021

 

IntegraFin Holdings plc today announces the quarterly Funds Under Direction update for Transact - the award-winning platform providing services to UK clients and their financial advisers.

 

On 31 March 2021 FUD totalled £46,929 million, representing an increase of 4.7% over the quarter. Over the same period the FTSE All Share Index rose by 4.3% and the MSCI World Index (Large & Mid Cap) rose by 3.6%.

 


Quarter ended

Quarter ended

H1 ended

H1 ended


31 March 2021

31 March 2020

31 March 2021

31 March 2020


£m

£m

£m

£m

Opening FUD

44,824

39,312

41,093

37,799

Inflows

2,153

1,699

3,734

3,234

Outflows

-686

-596

-1,427

-1,172

Net Flows

1,467

1,103

2,307

2,062

Market movements

694

-5,433

3,632

-4,872

Other movements(1)

-56

8

-103

1

Closing FUD

46,929

34,990

46,929

34,990

Notes:

 

(1)                   Includes fees, taxes and investment income.

 

Alex Scott, IHP CEO, said:

 

"I am pleased to report that in our second quarter we achieved our highest ever quarterly inflows, both gross and net. Compared with our second quarter last year, our previous highest, gross inflows increased 27%. Outflows increased broadly as expected in line with FUD and net inflows consequently were 33% higher.

 

The strength of inflows reflects not only a strong tax year end performance, but also advisers' positive reaction to price reductions announced in December and our continuing delivery of quality service."

 

The Company expects to announce half year results on 20 May 2021, which will include costs associated with the Nucleus process and the acquisition of Time for Advice, including on-going investment in that business to achieve profitability.

 

Enquiries

 

Media


Lansons


Tony Langham

+44 (0)79 7969 2287

Maddy Morgan Williams

+44 (0)79 4736 4578



Investors


Jane Isaac

+44 (0)20 7608 4937

 

 

IntegraFin Holdings plc

Q2 Funds Under Direction update

 

 

Historical Flow and FUD data by quarter

 


Q3

FY19

£m

Q4

FY19

£m

Q1

FY20

£m

Q2

FY20

£m

Q3

FY20

£m

Q4

FY20

£m

Q1

FY21

£m

Q2

FY21

£m

Opening FUD

34,406

36,352

37,799

39,312

34,990

39,711

41,093

44,824

Inflows

1,388

1,475

1,535

1,699

1,225

1,291

1,581

2,153

Outflows

-592

-584

-576

-596

-428

-560

-741

-686

Net Flows

796

891

959

1,103

797

731

840

1,467

Market movements

1,180

532

561

-5,433

3,958

        690

2,938

694

Other movements(1)

-30

24

-7

8

-34

-39

-47

-56

Closing FUD

36,352

37,799

39,312

34,990

39,711

41,093

44,824

46,929

 

Notes:

 

(1)                   Includes fees, taxes and investment income.

         

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