Curtis Banks reassures IFAs after MPAS acquisition

The provider bought Montpelier Pension Administration Services (MPAS) in May for an undisclosed sum. MPAS had been closed to new business since March and April accounts revealed directors did not see the business as viable. Today, Curtis Banks published a statement which said the sale will boost business and will not affect service levels. "[The sale] strengthens our position to cope with the increasing regulatory responsibilities which SIPP providers now face," the statement said. "Regulatory expectations on SIPP providers are now much higher and many small providers will strug...