Curtis Banks eyes new targets after Montpelier buyout

Curtis Banks said it will continue to buy up competitors as smaller SIPP providers and administrators are crushed by regulatory pressure. MPAS, the SIPP arm of advisory group Montpelier, closed to new business in March. In April, MPAS accounts revealed directors wished to sell the business amid "inherent uncertainty" about its future. The buyout will boost Curtis Banks' SIPP book to 3,000 clients, and includes the acquisition of MPAS existing adviser connections. Rupert Curtis, managing director of Curtis Banks, pictured, said: "This puts us in contention as a top ten bespoke SI...