Platform Transact has added a number of new or enhanced features as it prepares for a new round of price cuts.

The FCA is to scrutinise the harm to consumers from advisers who levy ‘excessive fees and charges.’

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

Standard Life Wrap, the adviser platform, is to simplify and cut charges by April in a major overhaul of its pricing structure.