Acquisitive SIPP provider Curtis Banks has reported a 15% rise in its number of mid and full SIPPs to 55,000 following the acquisition of Talbot and Muir.

In a buoyant half year trading update today for the six months ending 30 June, the group said the “robust” performance it saw in 2020 continued in the first half of 2021, in line with management expectations.

While it did not release financial details, the group said organic growth was strong with a 15% rise in mid and full SIPPs following the takeover of Talbot and Muir.

Last year the group acquired SIPP and SSAS provider Talbot and Muir and Dunstan Thomas, a provider of financial technology services.

Curtis Banks said the launch of its Imago Administration system for SSAS was boosted by Dunstan Thomas seeing “an extremely strong” pipeline of anticipated contracts from previous users of an alternative system looking to move away from ageing software. 

Will Self, chief executive of Curtis Banks, said: “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.”

“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 group will announce its half year results on 9 September.