Second arrest in STM money laundering probe
Police in the STM Gibraltar money laundering investigation have revealed another employee of the cross-border firm has been arrested on suspicion of failure to disclose.
STM Group
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STM chief executive arrested in Gibraltar
The chief executive of cross border financial services provider STM Group, Alan Kentish, was arrested by the Royal Gibraltar Police in relation to a tax issue in 2015 involving an STM client company.
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DeVere expands fintech offering with investment app
Clients will be able to buy structured notes, ETFs and mutual funds via an execution-only investment app launched by deVere Group on Wednesday.
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Sipp sales offset Qrops slump at STM
UK financial services firm STM Group doubled its pre tax operating profit during the first six months of 2017, with new business from self-invested personal pension (Sipp) products helping offset the impact of the new government levy on transfers to foreign pension schemes.
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STM launches Sipp for international clients
STM Group has launched a UK-based self-invested personal pension (Sipp), designed specifically for international clients with UK pensions, taking advantage of recent changes impacting the Qrops market.
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DeVere CEO sells remaining STM stake to focus on fintech
The founder and chief executive of the deVere Group, Nigel Green, has sold his remaining 2% stake in the specialist Qrops provider STM Group.
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STM considers Qrops ‘buying spree’ as European units downsized
STM chief executive Alan Kentish has said the cross border financial services provider is well placed to go on a “buy and build acquisition spree” of Qrops businesses, following the UK’s shock decision to impose a 25% transfer charge earlier this year.
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STM concedes UK’s tax charge to hit 80% of new Qrops business
Cross border financial services provider STM Group has revealed that the UK’s shock decision to impose a 25% charge on transfers to foreign pension schemes will affect 80% of its new Qrop business.
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Green EU politicians name 140 firms in hitlist of ‘tax dodgers’
Cross border financial services provider STM was among a list of 140 firms accused of helping wealthy individuals avoid paying tax on a large scale, according to a new report by the Tax Justice Campaign, run by Green Party politicians in the European Parliament.
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PEOPLE MOVES: STM, L&G, Lighthouse
Cross-border pensions provider STM hires a key London & Colonial director to its board following its acquisition of the Sipp firm in September. EY reveals who will replace chief financial officer Mark Gregory when he retires next year as an ex- Personal Finance Society chief steps down from her role at the Lighthouse Group.
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Australian Rops get STM super boost
STM Group Australia’s managing director Stuart Denness is looking to re-energise and reinvigorate the country’s recognised overseas pension scheme (Rops) market following two years of uncertainty.
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STM extends fee waiver for new Rops
Cross border financial services provider STM Group, has extended its offer of a zero establishment fee for new Rops customers until 31 March 2017.