It would be unfair to describe the phased introduction of workplace pensions (WPP) as anything other than an overwhelming success.
From a standing start in 2012, by the end of 2019, more than 77% of the UK’s workforce had enrolled in a WPP with over one third (36%) registered as members of occupational defined contribution pension schemes.
Yet the administration of many WPP schemes is less than perfect: frankly, they should be more accurate and efficient, systemic drawbacks that could compromise companies operating in an area which many describe as a ‘minefield’ – and with some justification.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.