The acquisition of Talbot and Muir by fellow SIPP provider Curtis Banks has satisfied its pre-conditions, including approval from the Financial Conduct Authority.

Completion of the acquisition will now occur on 30 October 2020.

In July, Curtis Banks, the SIPP and SSAS provider agreed to make two acquisitions totalling over £50m: rival SIPP and SSAS firm Talbot and Muir and fintech provider Dunstan Thomas.

Talbot and Muir is a provider of SIPP and SSAS products distributed via Financial Planners. It administers over 7,000 pensions and has assets under administration of £3.4bn. It has around 75 staff in Nottingham and Leeds.

The total consideration for Talbot and Muir is up to £25.25m.

Will Self, CEO of Curtis Banks, said: “I am delighted that the acquisition of Talbot and Muir will complete at the end of the month. Our two businesses are highly compatible in terms of the culture, service offering and distribution routes and this combination reinforces our position as a leading SIPP provider in the UK whilst also being immediately earnings enhancing for the Group as a whole.

"I very much welcome the Talbot and Muir team into the Curtis Banks Group and I look forward to working with them to drive the future growth of the business.”