Christine Hallett founded retirement and SIPP provider Options UK (formerly Carey Pensions) in 2009 and is MD of the company, now part of STM Group. Here, the Options MD talks exclusively to Financial Planning Today about her business following the controversial Adams case, her views on the SIPP market and her plans for the future.
FP Today: Christine, how is business and what plans do you have for the company over the next 12 months?
Christine Hallett: We are in a good place as the market continues to evolve. We have, unfortunately, seen many of our former competitors close as a result of the pressures that they were under. Those pressures included dealing with the portfolios of distressed assets and claims companies focusing on SIPP companies in recent years. The lack of robust PI arrangements has also been a major factor in their ability to continue. Despite all of these factors and many more affecting our sector, I am pleased we have weathered the storm and emerged in a strong position.
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.