International pensions group STM, which bought troubled SIPP firm Carey Pensions last year, is planning further acquisitions in the SIPP and pensions sector as its focuses on the UK.
Carey Pensions, the SIPP firm bought out last year after being hit by a major court case, has been relaunched under a new name, Options.
It may have escaped your notice but the end of February marks the 30th anniversary of the first SIPP being established.
The Pensions Regulator (TPR) has approved the Carey Workplace Pension Trust as an approved Master Trust for the continuing acceptance of auto-enrolment contributions from the UK market.
STM Group raked in £2.7m in profits from its acquisition of Carey Pensions earlier this year in what it classed as a bargain purchase.
STM Group has revealed it will target UK-based SIPP operators and workplace maters trusts as its latest results showed profits remained stable at £4m.
Financial services firm STM has completed its £400,000 takeover of troubled SIPP provider Carey Pensions following the granting of FCA approval for the deal.
Cross-border financial firm STM, the owner of London & Colonial, is to acquire the majority of rival SIPP firm Carey Pensions for £400,000 as Carey prepares to tackle a major SIPPs court case.
A joint initiative between Carey Pensions & Benefits and Abacus Corporate Services in Malta is awaiting approval for QROPS status.