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Curtis Banks wins SIPPs administration contract

Tue, 20th Oct 2015 12:07

(ShareCast News) - Curtis Banks has signed a contract to take on the administration of a significant book of self-invested personal pension schemes (SIPPs) from another third party administrator.The company said the contract is for a minimum 10-year period and it will receive an annual fee for each SIPP administered, subject to agreed minimum annual amounts.Curtis said the fees payable under the contract are front-end loaded over the first two years of the contract to reflect the initial workload of taking on the book of SIPPs during the contract term.The fees in each of the first two years amount to £1.25m with an additional initial payment of £750,000 during the first year of the contract to cover costs during the transition period.Curtis Banks said it expects to achieve its current profit margins through the administration of this book of SIPPs during the contract term.Chief executive officer Rupert Curtis said: "This transaction fits well with Curtis Banks' proven expansion strategy and enhances our position as the go to consolidator for financial services companies seeking a specialist SIPP administrator."At 1215 BST, Curtis Banks shares were up 7.7% to 293.50p.
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26 Apr 2018 16:47

UPDATE: Curtis Banks Management Sells 13% Stake Through Placing (ALLISS)

LONDON (Alliance News) - Curtis Banks Group PLC said on Thursday its management sold 7.1 million shares at a price of 280.25 pence per share, at a total of GBP20.0 million.Shares in the 10%

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26 Apr 2018 11:48

Curtis Banks Management To Sell 13% Stake Via Placing (ALLISS)

LONDON (Alliance News) - Curtis Banks Group PLC said on Thursday that its management intends to sell 7.1 million shares at a price of 280.25 pence per share, at a total of GBP20.0 in the financial

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15 Mar 2018 12:24

Curtis Banks Hikes Payout As 2017 Revenue And Profit Advance By Third

LONDON (Alliance News) - Self-invested personal pension provider Curtis Banks Group PLC hiked its dividend by 56% on Thursday after profit and revenue grew by a third in 2017,

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9 Nov 2016 17:19

DIRECTOR DEALINGS: Curtis Banks Director Steve Hart Buys Shares

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8 Nov 2016 16:05

UK Dividends Calendar - Next 7 Days

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1 Nov 2016 16:13

Director dealings: IHG boss's wife checks out, Curtis and Banks eye bargain

(ShareCast News) - The wife of Intercontinental Hotels chief executive, Richard Solomons, has sold almost £1.2m worth of shares in the company despite the confident language employed by her husband in recent weeks. Karin Solomons sold 37,340 shares at a price of 3,156.69p, a drop in the ocean of the

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6 Sep 2016 08:55

Curtis Banks reports growth in first half following successful acquisitions

(ShareCast News) - Past acquisitions drove a sharp increase in operating revenues at Curtis Banks Group, a provider of self-invested personal pensions (SIPPs) and small self-administered schemes (SSAS), even as the company adjusted to the impact from lower interest rates. Operating revenues increase

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31 Aug 2016 09:09

Curtis Banks Appoints Suffolk Life CEO Self As Executive Director

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20 Jun 2016 15:02

UK Shareholder Meetings Calendar - Next 7 Days

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15 Mar 2016 10:48

Curtis Banks Wants Margin Protection When Making Acquisitions

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8 Mar 2016 16:08

Earnings, Trading Statements Calendar - Week Ahead

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19 Feb 2016 16:09

Dividends Calendar - Week Ahead

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28 Jan 2016 15:25

Curtis Banks announces maiden dividend

(ShareCast News) - A small reward for Curtis Banks shareholders came on Thursday, with the announcement of the company's maiden dividend. The AIM-traded self-invested personal pension provider announced the interim dividend of 3.5p per ordinary share, to be paid on 26 February 2016. "Curtis Banks h

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28 Jan 2016 11:11

Curtis Banks Declares Maiden Interim Dividend For 2015

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25 Jan 2016 09:38

CORRECT: DIRECTOR DEALINGS: Curtis Banks Non-Executive Buys Shares

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