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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.

An accounts manager who tried to hide the fact that restaurants had not given their staff workplace pensions has been ordered to pay £5,000.

The Financial Ombudsman has reported a rise in the number of SIPP complaints it upheld in its third quarter to 59% in the period from Oct to December.

XPS Pensions Group has made a new senior appointment at its London office.

Mattioli Woods, the wealth manager and SIPP firm, has made 18 staff redundant from a workforce of 622 as it pushes through “operational efficiencies” following a period of rapid expansion and acquisition.

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