STM acquires Berkeley Burke SSAS and international businesses in £3m deal

Sophie King
clock • 2 min read

STM Group has acquired failed self-invested personal pension (SIPP) provider Berkeley Burke’s small self-administered (SSAS) scheme and its international pension businesses in a deal worth almost £3m.

According to a note on the Stock Exchange published today (August 11), STM has bought 100% of the share capital of Berkeley Burke and Berkeley Burke Employee Benefit Consultants. All of the acquired businesses will be integrated into Options UK, a subsidiary of STM, which was formerly known as Carey Pensions. The acquisition, which is not subject to regulatory approval, will be for a maximum consideration of £2.9m, comprises of £1.4m initial consideration and a further £1.5m of contingent deferred consideration. Berkeley Burke's SIPP arm fell into administration in September 2019 f...

To continue reading this article...

Join Professional Adviser for free

  • 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 Your profession

The importance of female representation in wealth management

The importance of female representation in wealth management

'Representation at senior levels helps inspire the next generation of female advisers'

Amy Grace
clock 15 October 2025 • 5 min read
From youth mentor to advice: Mark Singh's journey to financial advice and empowerment

From youth mentor to advice: Mark Singh's journey to financial advice and empowerment

A passion for financial education and youth empowerment

Professional Adviser
clock 15 October 2025 • 3 min read
Autumn Budget 2025: Chancellor reconsidering cash ISA reforms

Autumn Budget 2025: Chancellor reconsidering cash ISA reforms

The updates advisers need in the run up to the Autumn Budget 2025 on 26 November

Professional Adviser
clock 15 October 2025 • 1 min read