International SIPP provider STM Group has hired a new chief operation officer to boost governance and risk management, the firm’s full-year results have revealed.

International SIPP provider STM Group has predicted it will boost profits this year despite a number of setbacks.

The SIPP sector is facing up to a growing threat from ‘ambulance chasers’ – litigation claims firms trying to encourage clients to make complaints.

Police have ended their investigation into STM chief executive Alan Kentish, who was arrested in Gibraltar in October 2017, with no further action.