In 2017, pretax profit rose 31% to
Curtis Banks proposed a
By the end of 2017, total assets under management had risen 21% to
The number of SIPPs administered rose to 76,474 from 72,983. Excluding the impact of acquisitions, SIPP accounts added organically in 2017 totalled 8,719, accelerating from 6,236 the year before.
"This year has been one of considerable progress for the group with a strong increase in our operating revenues and adjusted operating profit," Curtis Banks Rupert Curtis said. "As a result and in accordance with our progressive dividend policy I am pleased to report a 56% proposed increase in our dividend for the year."
"We have undergone a period of consolidation following the acquisition of Suffolk Life and now have a single identity for the group," Curtis added. "Our new integrated Group Management Committee has built the foundations for us to operate more efficiently and to provide an even better service for our customers."
In January 2016, Curtis agreed to buy Suffolk Life Group from FTSE 100-listed insurer Legal & General Group PLC for
"The market opportunity for SIPP providers remains compelling," Curtis said. "The key regulatory and demographic drivers of our organic growth persist and we are well positioned to continue our profitable growth."
Shares in Curtis Banks were 0.6% higher at
