On 12 February 2019, STM Group Plc completed the acquisition of the Carey UK pension businesses following FCA approval for change of control of the UK SIPP business being granted. On 9 October 2018, STM announced that it had entered into an agreement to acquire 100% of Carey Administration Holdings Limited (“CAHL” or “Carey”). CAHL, […]
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.
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.