The management buy out (MBO) of Global Pension Corporation (GPC), formerly known as SIPP and SSAS provider STM Group, has been completed today, the firm has said.

The deal remains subject to regulatory approval.

GPC says it will continue to deliver, “a secure, FSCS-protected proposition” through its Gibraltar base.

GPC is a major provider of SIPP and SSAS plans and brands include London & Colonial, GPC Premier SSAS, STM Fidecs, STM Life and STM Malta.  The group also provides Financial Planning to global clients through STM Fidecs.

Pensions and SIPP firm STM Group was established in 1989 and was admitted to the AIM market in 2007. It delisted from AIM last year with the management then deciding to acquire the firm.

In a statement today firm said the deal would provide, “a further opportunity to strengthen control of GPC, ensuring stability for advisers and clients while positioning the business for future innovation.”

Leadership, governance, and day-to-day operations at the business remain unchanged and the transaction does not affect existing products, policies, or client arrangements, the firm said. 

Ken Hogg, group CEO of Global Pension Corporation, said the transaction reinforced long-term stewardship of the business.

He said: “This transaction strengthens the group’s financial position and, critically, aligns ownership directly with leadership.  

“It gives us greater clarity of control over strategy and execution, while preserving the stability, governance standards, and regulatory focus that our clients and advisers expect.”

He added: “Our priority remains delivering high-quality pension solutions, maintaining a strong risk culture, and building long-term value on a sustainable basis.”

GPC says the transaction supports continuity at a time when the pensions sector is evolving rapidly in response to regulatory developments, demographic change, and increasing demand for "robust retirement solutions."