Nucleus removes exit fees for Curtis Banks SIPP clients

The adviser platform expects clients to save £5m with this move in 2024

Sahar Nazir
clock • 1 min read

Nucleus is to remove exit fees for customers of Curtis Banks self-invested personal pensions (SIPP) products.

The adviser platform said the change would apply to transfers out to UK-based pension schemes and annuity purchases. It follows the removal of the remaining exit fees on James Hay products last year, as well as a further reduction in the price of Nucleus Wrap. Nucleus said this move has "saved the group's customers over £5m in the last two years" with a further £5m expected to be saved in 2024 through the combined price reductions. The exit charges apply to final payment and closures of pension charges, transfer out charges, annuity purchase charges and forwarding monies post-pensi...

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

Editor's view: Headlines from the Scottish Budget

Editor's view: Headlines from the Scottish Budget

The editor's Friday Night Takeaway from 16 January

Jen Frost
clock 16 January 2026 • 2 min read
Feel Good Friday: Aviva launches unified charitable foundation

Feel Good Friday: Aviva launches unified charitable foundation

Grant-giving and donation programmes now under the Aviva Foundation

Professional Adviser
clock 16 January 2026 • 1 min read
Meeting the needs of vulnerable consumers in financial services

Meeting the needs of vulnerable consumers in financial services

'The dynamic nature of vulnerability can make determining who's in scope complicated'

Shriya Patel
clock 14 January 2026 • 4 min read