STM Group, the international financial services provider which owns Carey Pensions, has reported a 48% drop in profit before taxation for the year ended 31 December.

STM Group, the international financial services provider which owns Carey Pensions, has delayed its 2020 results following discussions with its auditors after the recent shock Adams v Carey court judgment.

Claims as a result of “toxic” investments within SIPPs could easily exceed £1bn, according to John Moret.

Unlike the original judgment in the Adams v Carey/Options case we did not have to wait over two years for the Court of Appeal’s decision which came last week.