Carey Pensions finds buyer despite looming judgement

Embattled SIPP provider

Hannah Godfrey
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“The management team has ideas and opportunities in abundance and I believe STM's resources will allow many of these to come to fruition." - STM's Alan Kentish
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“The management team has ideas and opportunities in abundance and I believe STM's resources will allow many of these to come to fruition." - STM's Alan Kentish

STM Group has bought Carey Administration Holdings, which owns 70% of embattled SIPP provider Carey Pensions, for £400,000.

A market update this morning (9 October) confirmed STM Group had entered into an agreement with Carey Holdings. The deal would see it acquire both the self-invested personal pension (SIPP) business and...

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