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Curtis Banks reduces interest rate sensitivity

The Sipp administrator is aiming to increase the proportion of recurring revenue
April 7, 2021
  • New interest income sharing framework in place
  • Annual dividend held steady at 9p a share

Given the Bank of England shows no sign of raising interest rates any time soon, it is unsurprising that Curtis Banks (CBP) has sought to reduce the impact base rate movements have on revenue. The self-invested personal pensions (Sipp) administrator has increased the annual fee charged on its mid and full Sipps and developed a framework to share interest income in line with rises in rates.

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