Curtis Banks poised to consolidate SIPP market

Administers 77,000 SIPPs

Hannah Godfrey
clock • 1 min read

Self-invested personal pension (SIPP) provider Curtis Banks has revealed it is actively seeking acquisition opportunities to aid its growth.

In its interim results published on Thursday (5 September), the SIPP provider confirmed acquisitions were "firmly" part of its strategy and that it was "well positioned to continue to consolidate the SIPP market." In December 2018, Curtis Banks bought wealth manager Hargreave Hale's SIPP book, which included some 600 SIPPs invested in assets valued at approximately £180m. The move marked the 10th asset purchase by Curtis Banks since the company was founded in 2009. The SIPP provider now boasts £27.5bn assets under administration - an increase of almost 10% from its June 2018 figure...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

How advisers can play a role in boosting wellbeing in retirement

How advisers can play a role in boosting wellbeing in retirement

A happy retirement is the 'north star'

Cecilia Furner
clock 08 November 2024 • 3 min read
Partner Insight: Embracing the future of retirement planning

Partner Insight: Embracing the future of retirement planning

Brooks Macdonald
clock 31 October 2024 • 2 min read
Pension tax rules uncertainty shows 'need to shift retirement planning'

Pension tax rules uncertainty shows 'need to shift retirement planning'

Needs to include wider considerations of capital drawdown beyond pensions

Isabel Baxter
clock 24 October 2024 • 2 min read