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

Rise and fall of finfluencers: Shifting the advice landscape

Rise and fall of finfluencers: Shifting the advice landscape

Investors shift back to traditional advice as finfluencers’ popularity falls

Sahar Nazir
clock 24 May 2024 • 7 min read
PA Working Lunches: Register today to hear from Schroders

PA Working Lunches: Register today to hear from Schroders

Join us for an informative session worth one hour of CPD

Professional Adviser
clock 24 May 2024 • 1 min read
Feel Good Friday: Financial education for the next generation

Feel Good Friday: Financial education for the next generation

RedSTART and The Money Charity on the importance of education

Professional Adviser
clock 24 May 2024 • 1 min read