Full Year Results 

Consolidation at Curtis Banks

Consolidation at Curtis Banks

It was a year of consolidation for self-invested personal pension provider (Sipp) Curtis Banks (CBP). Suffolk Life, acquired in 2016 for £45m, offered its first 12-month contribution and sung for its proverbial supper – representing over half of total sales. Excluding Suffolk, the top line still grew by a creditable 8.6 per cent. The adjusted operating margin also increased by one percentage point to 25 per cent – a step in the right direction towards management’s 30 per cent target.

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