Following the introduction of a 25% tax charge on transfers into QROPS based outside of the EEA, in its annual results for 2016, published this morning, STM Group said the ‘worst case scenario’ would see it receive £1.1 million less than expected in revenue this year.
The Board is pleased to announce that the Group has traded in line with market expectations of profit before tax of £2.7 million for 2016 (2015 actual: £2.7 million)
Since being named National Champion in the independently judged European Business Awards, STM Malta is now competing for the title of “National Public Champion”.
The UK’s 2017 Finance Bill was published on 5th December. This provides the draft legislation for many tax changes to take effect from April 2017. STM Group Plc highlights some of these changes as follows.
Over the course of the last few years our standard Malta QROPS plan has been the STM Malta Retirement Plan. This plan is still very much open for business, however the number of members of this plan has grown considerably and as a responsible trustee, we believe it would be prudent to open a new scheme to avoid having an unlimited number in one particular scheme. As such, our intention is that new applications will now be submitted to the STM Malta Personal Retirement Plan.
We are pleased to announce an extension of the zero establishment fee for new QROPS applications. The zero establishment fee will remain in place for all applications received before the 31st of March 2017.
STM Group plc is pleased to announce the launch of the STM Gibraltar (AUS) Superannuation Scheme. It is approaching two years since HMRC removed all Australian schemes from the ROPS list and during the intervening period, the STM product development team have worked closely with Australian legal and tax specialists to develop a robust yet flexible retail solution.
STM Group Chief Executive Officer Alan Kentish and Chief Financial Officer Therese Neish join Sarah Lowther in the Stocktube studio to discuss international pensions, tax jurisdictions and what implications may lie ahead as a result of June’s Brexit vote.
We are pleased to announce that on the 12th of September 2016 STM entered into a conditional agreement with the majority shareholders of London & Colonial Holdings Limited to acquire the entire issued share capital of LCH and its subsidiaries. The Board of STM believes that the Acquisition is highly complementary to STM’s existing business and […]
After the first phase of judging by an independent panel, STM Malta Trust and Company Management Limited have been selected to represent their country as National Champions in the finals of the European Business Awards 2016/17.
We are pleased to announce the launch of our new contract-based pension plan. The STM Malta Contract Plan has been listed on the HMRC QROPS list and is now available to clients and intermediary partners.
Now in their sixth year, the Citywealth International Financial Centre Awards were established to highlight the excellence of the advisers and managers in the private wealth sector in the major international financial centres.
STM Life announces the launch of the STM Life Portfolio Bond with simplified charges to create an incredibly competitive product for the single premium bond business.
The Brexit vote has resulted in volatility within the financial markets and perhaps some confusion as to the types of goods and services which will be affected by those businesses whose products are sold internationally. Until such time as Article 50 is triggered and an exit is negotiated, Gibraltar and the UK are still very much in the EU and therefore there are currently no changes to the laws by which Gibraltar and UK companies are governed.
We are pleased to announce the introduction of a Zero establishment fee (effective immediately) for all new QROPS applications received before 31 October 2016. The Zero fee is applicable across all of our stand-alone QROPS products, including Australian and US QROPS, and the QROPS SMART.
We are pleased to announce that STM Malta Trust and Company Management Limited won two prestigious awards during Malta’s BIB Awards 2015, one as Malta’s Best-in-Business Trust & Fiduciary Company, and the other for Malta’s Best-in-Business Pension Provider. The two awards won are: 1. Malta’s Best in Business Pensions Provider Award and 2. Malta’s Best […]
STM Group PLC is proud to announce that STM Jersey has been awarded Best for Trust and Trustee Service (UK) in the 2015 Wealth and Finance Alternative Investment Awards.
The 2015 Wealth & Finance Alternative Investment Awards give credit where it is due to the businesses, departments, and individuals that are setting the pace for others to follow in what is one of the business world’s most diverse and fascinating industries.
STM Group PLC is proud to announce that STM Malta Trust and Company Management Limited has been awarded Best Performing Pensions Provider & Retirement Scheme Administrator – Malta in the Wealth and Finance INTLS 2015 Finance Awards.
A number of Gibraltar residents own UK residential property. This may be a former home, a holiday home or purely an investment (popular, particularly at a time when interest rates are relatively low). It may be owned by a resident individual, company, trust or pension scheme. Sometimes several properties are owned using more than one […]
Gibraltar has been accepted into the select committee MONEYVAL and will henceforth be subject to its mutual evaluation processes and procedures, the Gibraltar Government has announced.