STM Group
STM Group cuts down number of executive directors
Chief operating officer role will be made redundant
STM expects £3.6m hit from Carey compensation
But firm says acquisition pipeline is ‘active’ and will be ‘pillar for future growth’
STM sells Jersey trust businesses for £1.86m
To ‘focus on core activities of pension administration and provision of life assurance wrappers’
Carey to challenge pension introducer verdict
‘There are some very significant factors that will impact the UK financial services market as a whole’
Carey Pensions ruling forces STM Group to delay results
Firm expects they will now be released in early May