- SIPP provider Curtis Banks Group posts an operating profit of £1.6m for the six months to the end of June - up from £1.4m last time - while operating revenues to £10.8m from £7.5m.

The number of SIPPs administered rose to 67,161 from 26,755 while the number of SSASs administered increased to 338 from 297. Assets under administration rose to £17.9bn from £8.4bn.

Chairman Chris Banks said: "The first half of 2016 will always be remembered for the acquisition of Suffolk Life. It has been a transformational acquisition and one which presents considerable long term opportunities for the Group.

"It is equally important to recognise the progress within the business aside from the Suffolk Life headlines. Curtis Banks has successfully integrated the previous acquisitions and is in a very strong position to continue as a specialist administrator in a changing market. We are all very optimistic about our prospects."

At 9:38am: [LON:CBP] Curtis Banks Group Plc Ord 0.5p share price was -47.37p at 277.63p

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