Nigel Green says in the previous article his investment in STM was never a long-term investment, but one that would allow STM to respond quickly to a rapidly changing Qrops market.
“True to his word, Nigel Green has not owned shares in STM for some time now but the relationship helped STM to significantly build our pension infrastructure, expanding into new markets and products whilst reducing the fees payable by clients.
“As of today, our fee structures are all inclusive, fully transparent and priced at a level that provides value to our members.”
On the topic of pension structures, STM says: “We would like to make clear the point that STM does indeed provide a number of different pension structures (multi-jurisdictional Qrops and also UK Sipp products) and our members never invest in STM.
“Advisers obviously have a panel of providers to choose from and if STM is chosen, clients pay a fixed all-inclusive annual trustee fee for STM administering their pensions.
“We look forward to utilising our in-house technology to make further improvements to the customer journey during the course of this year and expect this will help STM to remain the best of a ‘rather select group of international pension providers’,” the spokesperson says.