STM reports profit leap and growth plans
STM saw a 313% growth in its profit before taxation over the first half of 2014, the highest figure in a set of interim results which saw the Group confirm its growth plans.
STM Group
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Gibraltar introduces qualifying non UK pension
The Gibraltar Government has recently enacted changes to its tax law to enable qualifying non UK pension schemes (QNUPS) to be established in Gibraltar. Lynette Chaudhary international tax manager at STM Fidecs, explores what a QNUPS is and what it means for Gibraltar.
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DeVere’s Green sells majority stake in STM Group
De Vere Group chief executive, Nigel Green, has sold a majority of his shares in QROPS provider STM.
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growth in pensions biz helped stm
STM Group, the London-listed, Gibraltar-based provider of QROP schemes and wealth structuring services, said its pensions and STM Life operations were largely responsible for helping it to post a pre-tax profit of £269,000 (323,000, $447,000) last year, after a loss of £4m in 2012.
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neish to succeed kentish as cfo
STM Group‚ the AIM-listed‚ Gibraltar-based QROPS specialist‚ has promoted Therese Neish to its board as chief financial officer‚ as Alan Kentish moves to oversee product and business development.
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stm enters eu life products biz
STM, the Gibraltar-based, AIM-listed provider of cross-border financial services, has entered the European life insurance product space with a bond that its Life division has designed specifically for the German market.
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deveres green sells 25 of stm stake
Nigel Green, the chief executive and founder of global IFA group deVere, has sold 2.5% of his shares in the STM Group, the London-listed cross-border provider of QROPS and other cross-border financial products.
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stms erhardt takes advisory role at maltas harbour
David Erhardt, a key executive for the past seven years with Malta-based QROPS provider STM, has joined Harbour Pensions Malta as an adviser to its board.
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draft qrops regs said not to apply
The new reporting requirements set down in the draft QROPS regulations issued last month by HM Revenue & Customs will not apply to schemes that lost their QROPS status before the regulations become law, at least as currently proposed, pension industry sources report.
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draft qrops regs provide new clarity
The draft QROPS regulations issued last Friday by HM Revenue & Customs are being seen by pension fund administrators as providing much-needed clarification of the legislation governing such pension schemes, which the Revenue significantly altered last year.
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deveres green buys 24 of qrop specialist stm
Nigel Green, the chief executive and founder of global IFA group deVere, has bought a 24% stake in STM Group, the London-listed cross-border provider of QROPS and other financial products.
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stm launches qrops for us res expats
STM, the Gibraltar-based trust company and pensions administrator, has received approval from the Maltese regulator amd HMRC for a new QROPS scheme designed to accommodate the special needs of expatriates living in the US.