SIPP  

Carey Pensions bought by rival

FTAdviser reported in May that Carey’s Sipp business, with more than 4,000 member, was looking for a buyer.

Ms Hallett said the company had a "unique proposition covering both personal and workplace pension solutions, which is an important differentiator compared to many of our competitors".

She said: "Our extremely professional and experienced team will combine with STM's team to provide a strong platform for growth."

maria.espadinha@ft.com