Nucleus' £242m Curtis Banks takeover under CMA investigation

It is understood that Nucleus has referred itself to the CMA

Sahar Nazir
clock • 1 min read

The Competition and Markets Authority (CMA) has launched an investigation into platform Nucleus’ planned takeover of self-invested personal pensions (SIPP) provider Curtis Banks.

The watchdog will review the proposed £242m merger of Nucleus and Curtis Banks, as the firms await until a decision has been made. The merger inquiry was launched today (19 July) to ascertain whether the combination of the two firms could damage competition in the sectors they operate in. It is understood that Nucleus referred itself to the CMA as part of the acquisition process, although the CMA has only announced an inquiry today. A spokesperson for Nucleus told Professional Adviser: "We remain excited about our proposed acquisition of Curtis Banks and welcome today's update from...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

You can always make more money, but you can't buy more time

You can always make more money, but you can't buy more time

What’s the ROI on a memory that lasts forever?

Chris Ball
clock 16 October 2025 • 3 min read
Autumn Budget 2025: Reeves should use Budget to 'merge ISAs not cut tax-free limits'

Autumn Budget 2025: Reeves should use Budget to 'merge ISAs not cut tax-free limits'

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 16 October 2025 • 1 min read
The importance of female representation in wealth management

The importance of female representation in wealth management

'Representation at senior levels helps inspire the next generation of female advisers'

Amy Grace
clock 15 October 2025 • 5 min read