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...

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