Curtis Banks Explained

Curtis Banks Group PLC
Type:Public limited company
Foundation:[1]
Num Employees:600[2]

Curtis Banks is a financial services company based in Bristol, United Kingdom.

Founded in 2009, it is one of the UK's largest independent of providers of Self Invested Personal Pension schemes (SIPP) and Small Self Administered Pension Schemes (SSAS) with over £37.4bn of assets under administration.[3] The company holds offices in Bristol, Dundee, and Ipswich.

Since its inception, Curtis Banks is said to have shown "a willingness to take over existing SIPPs", first by acquiring Montpelier Pension Administration Services for £399,999 in May 2011 and then the full SIPP business from Alliance Trust Savings[4] for £7m[5] in January 2013.[6] After the ATS deal, it set up an office in Dundee's City House with around 40 members of staff brought over from Alliance Trust.

In January 2019, it launched its new 'Your Future SIPP', a fully digital product replacing its historical SIPP offerings.[7] On 23 July 2020, Curtis announced agreements to acquire the SIPP and SSAS operator Talbot and Muir for a total consideration of up to £25.25m, and financial technology provider Dunstan Thomas for a total consideration of up to £27.5m. [8]

On September 26, 2023, Nucleus Financial Platforms completed the acquisition of Curtis Banks.[9]

Notes and References

  1. Web site: Curtis Banks. 14 July 2014. https://web.archive.org/web/20140715081948/http://www.moneymarketing.co.uk/curtis-banks/414734.supplier. 15 July 2014. dead.
  2. Web site: Curtis Banks Interim Results for 6 months to 30 June 2019. 4 September 2019. 5 September 2019. Curtis Banks.
  3. Web site: Curtis Banks expects rising interest rates to boost performance . 31 March 2022 .
  4. News: Platform focus: Alliance Trust Savings. 19 June 2014. 14 July 2014. Money Marketing.
  5. News: Selby. Tom. Curtis Banks reveals details of £7m ATS Sipp acquisition. 8 May 2014. 14 July 2014. Money Marketing. 15 July 2014. https://web.archive.org/web/20140715062312/http://www.moneymarketing.co.uk/news-and-analysis/pensions/curtis-banks-reveals-details-of-7m-ats-sipp-acquisition/2010005.article. live.
  6. News: Robins. William. Curtis Banks buys £3bn Alliance Trust Sipp business. 19 October 2012. 14 July 2014. New Model Adviser. 16 July 2014. https://web.archive.org/web/20140716105550/http://citywire.co.uk/new-model-adviser/curtis-banks-buys-3bn-alliance-trust-sipp-business/a627852. live.
  7. Web site: FT Adviser. Turton. Jennifer. 22 January 2019. FT Adviser.
  8. Web site: 23 July 2020. Curtis Banks buys rival and supplier for £53m. live. https://web.archive.org/web/20200724211446/https://www.ftadviser.com/pensions/2020/07/23/curtis-banks-buys-rival-and-supplier-for-53m/ . 2020-07-24 . 21 September 2020. ftadviser.
  9. Web site: Nucleus completes acquisition of Curtis Banks 8 months after cash buyout. Money Marketing. 26 September 2023 . 2023-10-05. en-US.

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