The management of SIPP administrator Carey Pensions intends to sell the business after completing the sale of its corporate pensions arm, according to the firm's company accounts.
Carey Corporate Pensions is currently in negotiations to be sold to a third party, the firm said. It added: "Once this sale has been completed, it is management's intentions also to sell the company in the near future." In its accounts, Carey Pensions reported a loss of £215,226 in 2017, down from a £153,784 loss in 2016. It attributed this latest figure to an increase in legal costs, which it said had arisen as a result of a number of complaints and legal cases "relating to some historic business which is now being run down". Carey Pensions has been the subject of an ongoing trial ...
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