Both the pensions administration industry and STM specifically should receive a boost of confidence as a result of today’s ruling that Carey Pensions as an administrator was not liable for performance of the high risk investment or the investment decisions that Mr Adams made in relation to his SIPP. The Carey rebrand to ‘Options for your tomorrow’ should now enable the group to put the case behind it and move on to the planned strategy of both organic and acquisitive growth
18 May 2020
STM - Litigation uncertainty in Carey Pensions now cleared
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STM - Litigation uncertainty in Carey Pensions now cleared
STM Group PLC (STM:LON) | 57.5 0 0.0% | Mkt Cap: 34.2m
- Published:
18 May 2020 -
Author:
Cavendish Research -
Pages:
3
Both the pensions administration industry and STM specifically should receive a boost of confidence as a result of today’s ruling that Carey Pensions as an administrator was not liable for performance of the high risk investment or the investment decisions that Mr Adams made in relation to his SIPP. The Carey rebrand to ‘Options for your tomorrow’ should now enable the group to put the case behind it and move on to the planned strategy of both organic and acquisitive growth