A corporate team from national law firm Weightmans has advised the AIM-listed multi-jurisdictional financial services group, STM Group PLC (STM), on its acquisition from Mercer Limited (Mercer) of Premier Pensions, Mercer’s UK pensions services business for SIPP and SSAS pension schemes.
The acquisition, which completed on 31 August 2022, involved STM buying the portfolio, net assets and trustee companies of Mercer’s UK Self-Invested Personal Pension (SIPP) and Small Self-Administered Scheme (SSAS) business, operating under the Premier Pensions brand.
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.