Our recommended acquisition of Curtis Banks Group plc

We’re pleased to have announced the recommended acquisition of Curtis Banks Group plc on 6 January 2023.

We believe that the transaction will create a leading retirement-focused adviser platform, with approximately £80 billion of assets under administration.

The combination brings together Curtis Banks' award-winning SIPP and SSAS product offering and strong presence as a provider to clients with complex retirement needs, with our experience in offering platforms.

The acquisition represents an opportunity for us to advance our strategy of creating one of the UK’s leading adviser platforms – with the ultimate goal of enabling you to help make retirement more rewarding for your clients.

The acquisition is conditional on, amongst other things, approval by Curtis Banks' shareholders and the receipt of clearances from relevant regulators, and is expected to complete in Q2 2023.

You can read the press release and the full market announcement.

Our existing plans to continue investing in Nucleus Wrap through better functionality, improved service and in reducing the price, remain unaffected by this transaction. We remain fully focused on using our scale to deliver the priorities many of our supporting advisers have told us are important. We’ll shortly be sharing more details about the specific developments you can expect to see from us this year.

We’ll also keep you informed as to how the acquisition progresses in the months ahead, but as always if you have any questions, please get in touch with your usual Nucleus contact.