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Glasgow-based SIPP firm @sipp has announced a two-fold increase in profits for the year ended 31 March.

STM Group, the cross-border financial services group which offers an International SIPP, is planning to expand its senior staff as the firm seeks to grow through acquisition.

Robo adviser Investec Click & Invest is planning to launch a SIPP by the end of the year,  the company’s chief executive has revealed. 

A skilled persons review has called for a raft of compliance and governance improvements at international SIPP and cross border financial services group STM which saw its chief executive arrested in Gibraltar last year.

Aegon has warned that concerns over investing in unregulated investments could damage how consumers view SIPPs despite few SIPPS allowing unregulated investments.

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