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Displaying items by tag: STM Group

Thursday, 12 August 2021 09:25

STM makes COO redundant as it downsizes exec team

STM Group, the international financial services provider which owns Carey Pensions (now known as Options), is to make its chief operating officer Peter Marr redundant in the second half of the year as it downsizes its executive team.

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STM Group, the international financial services provider which owns Carey Pensions, has reported a 48% drop in profit before taxation for the year ended 31 December.

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Thursday, 29 April 2021 11:07

Options submits Adams case appeal

Options UK Personal Pensions (formerly Carey UK Pensions) has sought permission from the Supreme Court to appeal the recent judgment by the Court of Appeal in the long-running and pivotal Adams v Carey SIPP case.

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STM Group, the international financial services provider which owns Carey Pensions, has delayed its 2020 year end results following discussions with its auditors after the recent shock Adams v Carey court judgment.

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Wednesday, 24 March 2021 11:32

London & Colonial owner sells Gib firms for £3m

SIPP provider STM, the owner of the London & Colonial and Options SIPP businesses, has sold some of its Gibraltar-based businesses for just over £3m.

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Friday, 14 August 2020 08:00

STM acquires Berkeley Burke SSAS business

STM Group has acquired Berkeley Burke (Financial Services) and Berkeley Burke Employee Benefit Consultants, which provide administration and consultancy services to SSAS and international businesses, in a deal worth up to £2.9m.

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STM Group raked in £2.7m in profits from its acquisition of Carey Pensions earlier this year in what it classed as a bargain purchase.
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STM Group has revealed it will target UK-based SIPP operators and workplace maters trusts as its latest results showed profits remained stable at £4m.
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International SIPP provider STM Group has predicted it will boost profits this year despite a number of setbacks.
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Police have ended their investigation into STM chief executive Alan Kentish, who was arrested in Gibraltar in October 2017, with no further action.
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