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How low interest rates are hurting Curtis Banks

Curtis Banks (CBP) spent the first half of the year beefing up its operations, culminating in the acquisition of Suffolk Life in May. The full benefit of the additional 28,000 Sipps this purchase brought with it will not be realised until next year. However, there is a threat to the group's income generation on the horizon. 'Lower for longer' interest rates means there will be pressure on the net interest income Curtis Banks earns on its clients' funds this year and in 2017.

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