On 12 February 2019, STM Group Plc completed the acquisition of the Carey UK pension businesses following FCA approval for change of control of the UK SIPP business being granted.
On 9 October 2018, STM announced that it had entered into an agreement to acquire 100% of Carey Administration Holdings Limited (“CAHL” or “Carey”). CAHL, in turn, owns 70% of Carey Pensions UK LLP, offering SIPP administration products to the UK market, and 80% of Carey Corporate Pensions UK Limited, offering auto-enrolment workplace pensions solutions (“AE”) to UK based SMEs. The minority shareholdings of both Carey Pensions UK LLP and Carey Corporate Pensions UK Ltd are owned by Christine Hallett, who continues as Managing Director of the Carey Pensions businesses. Read more