STM Group to buy £3.3m SIPP and SSAS business

clock • 3 min read
STM Group to buy £3.3m SIPP and SSAS business

STM Group, the cross border financial services provider, has entered into an agreement to acquire the portfolio, net assets and trustee companies of the SIPP and SSAS businesses, from Mercer Ltd, for a fixed consideration of £3.34m. Completion is planned for 31 August 2022, STM said in a statement today (26 July).  The deal to buy the Premier Pensions' SIPP and SSAS business from Mercer owned JLT Benefit Solutions will be funded from existing financial resources and the remaining avail...

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?