David joined STM in October 2014 as Managing Director of the Gibraltar pensions business and is also a board member of the pensions businesses in Malta and the UK. Since 1990 David has worked in the financial services arena specialising in pensions administration. He has focused primarily on UK regulated schemes such as Small Self-Administered Schemes, Self-Invested Personal Pension Schemes and Defined Benefit Schemes in various management and technical roles. David is responsible for driving the expansion of STM Group’s international pensions division as well as personal and occupational pension schemes in Gibraltar and personal pensions in the UK.
Often, internationally mobile expatriates may work in several jurisdictions throughout their career. Each country may not have a pension system that they can contribute to and there may be no state pension entitlements. As non-UK residents they cannot contribute to a UK personal pension and are unlikely to be entitled to a UK state pension, so it is important that they make their own retirement provision. International Pensions are unlike UK pensions as there are far fewer restrictions. There are also a much wider range of investment options, and benefits can be taken at any time and in a single lump sum. Schemes are available in any major currency and the member can select their preferred retirement age at the outset.