STM completes acquisition of Carey UK pensions businesses

70% stake in SIPP provider

Kim Kaveh
clock
"The two UK focused pensions businesses give us some really exciting options for our growth strategy," - STM's Alan Kentish
Image:

"The two UK focused pensions businesses give us some really exciting options for our growth strategy," - STM's Alan Kentish

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...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Industry

CEO of Tilney Smith & Williamson Chris Woodhouse

Tilney Smith & Williamson sees gross inflows of £4.5bn in nine months

AuM rises 9.2% to £56bn up to September

Pedro Goncalves
clock 01 November 2021 • 1 min read
Suspicious activity reports by staff at financial firms exceeded one million during 2019-20

Suspicious activity reports by staff at financial firms exceeded one million during 2019-20

FCA data

Georgie Lee
clock 01 November 2021 • 2 min read
Partner Insight: Does sustainable multi-asset need a clearer story?

Partner Insight: Does sustainable multi-asset need a clearer story?

Incisive Works
clock 01 July 2020 •