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.
Previously our schemes were trust-based, however due to a rise in demand from some intermediary partners in civil law countries (where trusts are a less familiar concept), we have responded by providing a pension solution they can recommend to relevant clients. The new contract-based plan brings the number of STM plans listed on the HMRC ROPS list to six and, like all STM QROPS, the contract plan has a £0 establishment fee and £750 annual fee with no additional fees.
Iain Farr STM Group Head of Distribution commented: ‘We look forward to servicing new clients and gaining a stronger foothold in those markets where there is a preference for a contract-based solution’.
For more information, please contact a member of the
STM Group Business Development Team: