STM Group sets aside £21.4m for potential future cases after recent Carey ruling  

Mark Battersby
clock • 3 min read

STM Group has set aside £21.4m to deal with possible similar cases after the recent Court of Appeal ruling over the Adam's vs Carey (Options) case.  STM Group, the parent company of Options Pensions , formerly known as Carey Pensions, said in its full year results today (June 8) that although the case would not have a financial impact on the business, as it has "significant" professional indemnity protection, it has made the provision for similar cases. STM chief executive Alan Kentish said: "The UK pension market remains in a position of uncertainty as to the extent of the duties of ...

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