UK-based Sipp provider Curtis Banks has acquired Pointon York’s entire Sipp business for an undisclosed sum.
The acquisition will see the transfer of 7,000 schemes from Pointon York to Curtis’s books.
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Following the deal, Curtis Banks will retain and expand Pointon York’s Market Harborough offices as well as intends to boost its staff numbers.
Also, Pointon York chairman Geoffrey Pointon will remain as a special adviser to Curtis Banks for the next 12 months. The deal will not result in any fee increases.
Paul Tarran, finance director at Curtis Banks, said: "They will be dealing with the same staff, same systems. Over time, there may be some changes but as for as clients are concerned there are no changes."
Geoffrey Pointon, chairman of Pointon York, said: "They are perfect partners and they are going to keep our office and grow it, so it is good news for our staff and our customers."
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