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

Fairstone buys in West Country

Fairstone buys in West Country

Snaps up Somerset advice firm

Jen Frost
clock 23 October 2026 • 2 min read
Rathbones' improvement plan on track after Skilled Person review

Rathbones' improvement plan on track after Skilled Person review

Customer Risk Rating framework in place

Jenna Brown
clock 22 October 2026 • 2 min read
Rathbones predicts Vision IFP s166 notice costs could hit £2.5m

Rathbones predicts Vision IFP s166 notice costs could hit £2.5m

Regulator intervened in August

Jenna Brown
clock 22 October 2026 • 1 min read