The management team of Global Pension Corporation (GPC), formerly STM Group, today completed a buyout of the business.
The deal is subject to regulatory approval, as is standard practice.
GPC continues to deliver a secure, FSCS-protected proposition through its Gibraltar PCC structure, giving advisers confidence in both innovation and security.
STM Group was established in 1989 and was admitted to trading on AIM in 2007. After delisting from the AIM last year, the management team was presented with a further opportunity to strengthen control of GPC, ensuring stability for advisers and clients while positioning the business for future innovation.
This transaction is intended to strengthen the Group’s independence, financial resilience, and long-term strategic focus.
Leadership, governance, and day-to-day operations remain unchanged, ensuring continuity for clients, advisers, employees, regulatory authorities, and partners. The transaction does not affect existing products, policies, or client arrangements.
The transaction provides GPC with a stable platform to continue growing its pension and retirement solutions business across its existing markets, while maintaining a disciplined approach to capital management and risk.
Ken Hogg, Group CEO of Global Pension Corporation, says the transaction reinforces long-term stewardship of the business.
“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 explains: “Our priority remains delivering high-quality pension solutions, maintaining a strong risk culture, and building long-term value on a sustainable basis.
“GPC continues to operate under the same regulatory frameworks, with the same management team, operational processes, and compliance structures in place. We remain financially robust.”
The transaction proceeds in line with standard regulatory approval processes, and GPC maintains open engagement with relevant authorities as part of that process.
“Management ownership brings clarity, responsiveness, and a long-term view on investment, growth, and product development,” says the CEO.
“It means decisions are made with a clear focus on clients, advisers, and the long-term health of the business, rather than short-term considerations.”
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.
The Group believes its existing operating model, combined with management ownership, positions it well to respond to those dynamics in a measured and responsible way.
“The pensions market rewards consistency, discipline, and trust,” Ken Hogg says. “This structure supports all three.”
The Group continues to focus on prudent growth across its subsidiary businesses, with investment decisions guided by regulatory expectations, capital discipline, and client outcomes.
No changes are planned to staffing, client service models, or adviser relationships as a result of the transaction.
Global Pension Corporation has an established track record in the pensions and retirement sector and operates across multiple jurisdictions. The Group says the transaction underlines confidence in the strength of its business model and balance sheet.
Ken Hogg concludes. “Our overarching aim is simple: to run a resilient, well-governed pensions business that serves clients and advisers over the long term, supported by strong capital foundations and clear accountability.”
For further media enquiries: george@priorconsultancy.co.uk
