Curtis Banks Group PLC (LON:CBP) said it is continuing to see “strong levels of organic growth” in its first half following a robust performance in 2020.
In a trading update for the six months to June 30, the provider of self-invested personal pensions (SIPPs) said it had continued to perform in line with management expectations, highlighting a 15% year-on-year increase in mid and full SIPPs to 55,000.
READ: Curtis Banks to broaden offering after weathering COVID-19 storm
The company also noted that the previous year’s acquisitions of Talbot and Muir, a provider of SIPP and small self-administered (SSAS) schemes, and Dunstan Thomas, a fintech provider, were continuing to add value to the firm through greater revenue diversification and proposition enhancement.
Curtis Banks highlighted an example of this in the form of Dunstan Thomas’ recently launched Imago Administration for SSAS, which it said was seeing “an extremely strong pipeline of anticipated contracts from previous users of an alternative system”.
"Curtis Banks has made a positive start to 2021, building upon the success of 2020 and the number of strategic initiatives we undertook. I am particularly pleased with how Dunstan Thomas has already shown that it can enhance our overall proposition and we look forward to additional material developments over the course of the year," chief executive Will Self said in a statement.
"We continue to benefit from positive macro-trends, as seen by the uptick in organic growth, and the evolution of our proposition from one of the UK's leading SIPP providers to a more holistic retirement group. Both of these factors give us a strong platform for growth in 2021 and far beyond," the CEO added.