Competition watchdog clears £242m Curtis Banks/Nucleus deal

Latest update from business released on 7 September

Jenna Brown
clock • 2 min read

Nucleus’ acquisition of Curtis Banks Group, in a deal worth £242m, has been cleared by the Competition and Markets Authority (CMA).

In a note to the stock exchange, Curtis Banks confirmed the deal would proceed after the CMA said an investigation under the Enterprise Act 2002 was not warranted. The CMA's review of the deal was first announced in July. Nucleus also confirmed the Financial Conduct Authority, Prudential Regulation Authority and Solicitors Regulation Authority have all issued their approval of the acquisition. In January Curtis Banks, primarily a self-invested personal pension (SIPP) provider, agreed to the takeover by Nucleus. Shareholders in the self-invested personal pension business will get 350p ...

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 Companies

Succession Wealth told to pay compensation over incorrect advice after pension IHT proposals

Succession Wealth told to pay compensation over incorrect advice after pension IHT proposals

FOS decision notice stated advice caused client ‘distress’ and ‘upset’

Isabel Baxter
clock 11 May 2026 • 4 min read
M&G's PruFund posts £100m net outflows in Q1

M&G's PruFund posts £100m net outflows in Q1

Gears up for third-party adviser platforms launch

Isabel Baxter
clock 07 May 2026 • 3 min read
Corbel Partners makes 18th acquisition and rolls out tech platform phase two

Corbel Partners makes 18th acquisition and rolls out tech platform phase two

Five more deals in the pipeline for 2026

Isabel Baxter
clock 07 May 2026 • 2 min read