Pandemic hits Curtis Banks pre-tax profits but revenues steady

H1 interim results

Jenna Brown
clock • 1 min read

Pre-tax profits at self-invested personal pension (SIPP) provider Curtis Banks were £4m for the first half of the year compared to £5.4m in H1 2019, latest results show.

Interim results for the six months to June 30 showed revenues remained steady at £24.5m, the same figure for the corresponding time frame last year. The number of administered SIPPs was 76,306, slightly down on last year when the business managed 77,175. Assets under administration were £28.6bn up from £27.5bn in H1 2019. New SIPPs in the period totalled 2,107. In July, Curits Banks announced the acquisition of rival self-invested pension provider Talbot and Muir and fintech business Dunstan Thomas in separate multi-million pound deals. Chief executive Will Self said: "I am plea...

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 Companies

Quilter Cheviot CEO: DFM and advice merger 'puts final bit together'

Quilter Cheviot CEO: DFM and advice merger 'puts final bit together'

‘We tried as sister companies, but it hasn't got us all the way there’

Isabel Baxter
clock 16 December 2024 • 4 min read
Hybrid advice market 'pioneers' revealed by Defaqto

Hybrid advice market 'pioneers' revealed by Defaqto

Pension Potential from Punter Southall leads the way

Isabel Baxter
clock 13 December 2024 • 3 min read
Hoxton Wealth ends 'transformational' year with £2bn AUM

Hoxton Wealth ends 'transformational' year with £2bn AUM

International IFA brings in more than 7,000 clients

Isabel Baxter
clock 11 December 2024 • 2 min read