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, […]
We are pleased to announce that on the 10th November 2017 STM Malta Pension Services Limited signed a Sale and Purchase Agreement (“the Acquisition”) with the shareholders of Harbour Pensions Limited (“Harbour”) to acquire the entire issued share capital of the company and its related pension trust schemes. The Acquisition is subject to regulatory approval […]
The zero establishment fee will remain in place as a permanent feature for all new QROPS applications, and is applicable across all of our QROPS products.
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.