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Carey pensions bought by STM group

STM Group buys ‘troubled’ Carey Pensions in £400,000 deal.


STM Group, a firm listed on the Alternative Investments Market (AIM), has purchased ‘troubled’ SIPP provider Carey Pensions in a new deal with around Four-Hundred-Thousand pounds. The deal appears to have gone ahead, despite the fact that Carey Pensions is facing ongoing court cases over some if its SIPP pensions. Carey Pensions may be in … Continued

Carey Pensions Claims

Carey Pensions identifies and separates problem SIPPs with letters to clients


SIPP administrator Carey Pensions has written out to some SIPP holders on its books to tell them that thei pension has been identified as “distressed”, and will be transferred to a new pension scheme: CPS2. The new scheme, includes “members with illiquid non-standard assets” – usually high-risk investments. Carey Pensions Writes to Distressed Clients The … Continued

SIPP company accused of “gagging” Ombudsman complaints


Carey Pensions has been accused of sending “threatening” letters to it’s clients in an effort to halt FOS decisions going public If you’ve ever wondered whether you can read about upheld ombudsman complaints against financial firms and institutions, you can – just go to http://www.ombudsman-decisions.org.uk, but one SIPP provider – Carey Pensions, has been accused of … Continued