STM completes on purchase of London & Colonial
STM Group, the cross border financial services provider, has completed its acquisition London & Colonial Holdings.
STM Group
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STM launches Australian expat super fund
The STM Group has launched a Gibraltar-based Australian superannuation scheme targeted at the expat market as part of a broader move into Australia’s retirement market.
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STM to buy London & Colonial, Rops fee waiver impacts results
STM Group has entered into a conditional agreement to acquire UK Sipp provider London & Colonial and its subsidiaries for nearly £5.4m ($7.2m, €6.4m).
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Rops harder to sell post-pension freedom, say providers
Sales of recognised overseas pension schemes (Rops) are taking a hit following the UK’s pension freedoms introduced last year, made worse by an FCA rule requiring British expats to seek regulated advice for defined-benefit pension transfers.
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STM sees bumper July following Qrops fee waiver
Waiving the establishment fee for new qualifying recognised overseas pension schemes (Qrops) saw STM Group’s new business applications hit their highest level for 12 months in July.
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Business as usual for Qrops, says STM
UK citizens will still be able to transfer their pensions to Europe via a qualifying recognised overseas pension scheme (Qrops) despite Britain voting to leave the European Union, says Alan Kentish, interim chief executive of STM Group.
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PEOPLE MOVES: Lombard Int’l, Axa IM, Nutmeg…
Lombard International has named a new chief executive for its US operations, while Axa IM has announced a senior departure. Nutmeg’s chief executive has stepped aside, with a Columbia Threadneedle veteran bowing out of the industry after a 32-year career.
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Zero establishment fee on STM Group Qrops
STM Group has introduced a zero establishment fee for all new Qualifying Recognised Overseas Pension Scheme (Qrops) applications received before 31 October 2016, with immediate effect.
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Offshore bonds and Qrops drive jump in STM profit
STM Group, a specialist financial services group, said a focus on building up its international pensions and life assurance products business helped it post a near 60% rise in net profit for the year to 31 December 2015.
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STM scopes out Australian QROPS offering as business booms
International pensions administrator STM Group is looking to offer QROPS tailored for UK expats in Australia after HMRC scrapped thousands of schemes from its approved list in July.
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DeVere boss further reduces stake in QROPS specialist STM
DeVere’s chief executive has continued the sale of his shares in QROPS provider STM, reducing his stake to just 6.7% from the 24% he purchased in 2012.
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STM pensions arm soars
Multi-jurisdictional financial services provider STM Group saw its pensions division grow by 36% last year which it claims to be driven by 150% growth in its Gibraltar QROPS revenue.