Carey Owner Eyes Top Court Appeal Of Pension Plan Ruling

Law360, London (April 30, 2021, 1:45 PM BST) -- The parent company of Carey Pensions has asked the U.K. Supreme Court for leave to appeal an unfavorable ruling that held it liable for steering members of the retirement plan toward risky investments.

STM Group PLC, the financial services provider that recently acquired Carey Pensions — which is now known as Options UK Personal Pensions LLP — said that it has asked the Supreme Court for leave to appeal a recent judgment from the Court of Appeal that did not go its way.

The court held that Carey Pensions owes retirement savers compensation after risky investments in storage facilities in northern...

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