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. This is applicable across all of the STM Gibraltar and Malta stand-alone QROPS products, including Gibraltar (AUS) QROPS, US QROPS, the QROPS SMART and the Malta Contract Plan. The establishment fee was waived in April this year and the extension has been driven by the success to date of the zero fee initiative.

Commenting on the agreement to extend the initiative Alan Kentish, Chief Executive Officer of STM, said:

“The significant uplift in average monthly new business since we commenced the zero establishment fee initiative translates into a greater long-term recurring revenue stream for the Group. Our focus is to build a durable business with predictable revenue streams and profitability.  This pricing model is proving to be a valuable initiative in this environment and a strategic benefit to enhancing shareholder value.”

For more information please contact one of our regional specialists.