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STM completes acquisition of Carey UK pensions businesses

70% stake in SIPP provider

"The two UK focused pensions businesses give us some really exciting options for our growth strategy," - STM's Alan Kentish
"The two UK focused pensions businesses give us some really exciting options for our growth strategy," - STM's Alan Kentish
  • Kim Kaveh
  • Kim Kaveh
  • 13 February 2019
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Financial services provider STM Group will expand into the auto-enrolment (AE) market after completing a deal to acquire Carey Pensions.

The completion of the deal - announced today (13 February) - follows a previous announcement last October that STM would acquire the provider's AE and self-invested personal pension (SIPP) businesses for...

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