Nucleus removes exit fees for Curtis Banks SIPP clients

The adviser platform expects clients to save £5m with this move in 2024

Sahar Nazir
clock • 1 min read

Nucleus is to remove exit fees for customers of Curtis Banks self-invested personal pensions (SIPP) products.

The adviser platform said the change would apply to transfers out to UK-based pension schemes and annuity purchases. It follows the removal of the remaining exit fees on James Hay products last year, as well as a further reduction in the price of Nucleus Wrap. Nucleus said this move has "saved the group's customers over £5m in the last two years" with a further £5m expected to be saved in 2024 through the combined price reductions. The exit charges apply to final payment and closures of pension charges, transfer out charges, annuity purchase charges and forwarding monies post-pensi...

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