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STM Group, the Gibraltar-based, AIM-listed provider of QROPS and other pension products and corporate services, said today that it expects the introduction of a just-announced 25% tax on overseas pension transfers to cost it a maximum of around £1.1m (US$1.3m, €1.25m) in 2017. STM included this “worst case scenario” estimate in its annual results statement […]
STM Group, the Gibraltar-based, AIM-listed pensions specialist, said Thursday that it has appointed a banking industry veteran to the newly-created post of head of enterprise risk management, as it issued an end-of-year trading update. The appointment, STM said, would bring “a further level of oversight and governance” to its operations. STM said its trading in […]
STM Group, the cross border financial services provider has announced the completion of the acquisition London & Colonial Holdings. In a statement released earlier today STM Group said that it had been able to complete the acquisition, as announced on 13 September, ahead of the expected timeline. London & Colonial will continue to operate under its own […]
STM Group, the Gibraltar-based, London Stock Exchange-listed company that built its name on providing QROPS to people wishing to transfer their UK pensions abroad, is to acquire UK SIPP provider London & Colonial for around £5.4m (US$7.2m, €6.4m). STM revealed the purchase alongside its first-half results statement yesterday, which saw its pre-tax profit fall to £1.2m […]
New Zealand-based Endeavour Fund Administration Ltd, which markets QROPS to financial advisers, has agreed a deal with London & Colonial to enable investors in its schemes to access the L&C Simple Investment SIPP. According to Endeavour, the deal will enable advisers to transfer the benefits of New Zealand qualifying recognised overseas pension schemes to the […]
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