STM's UK SIPP and Gibraltar life new business revenues 'slower to materialise than expected'

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STM's UK SIPP and Gibraltar life new business revenues 'slower to materialise than expected'

The second half of the year to date was "a frustrating period" with sales revenues in its UK SIPP business and Gibraltar life business "slower to materialise than anticipated", STM Group said in a trading update today (18 November) for the 12 months to 31 December 2021. This had translated into contributing around £0.4m less to 2021 revenue and EBITDA expectations, it said. The cross border financial services group added that there were "a number of large pieces of business currently un...

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