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 ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login