STM Group
Retirement | 25 Aug 16
Rops harder to sell post-pension freedom, say providers
Sales of recognised overseas pension schemes (Rops) are taking a hit following the UK’s pension freedoms introduced last year, made worse by an FCA rule requiring British expats to seek regulated advice for defined-benefit pension transfers.
Best Practice | 9 Aug 16
STM sees bumper July following Qrops fee waiver
Waiving the establishment fee for new qualifying recognised overseas pension schemes (Qrops) saw STM Group’s new business applications hit their highest level for 12 months in July.
Business as usual for Qrops, says STM
UK citizens will still be able to transfer their pensions to Europe via a qualifying recognised overseas pension scheme (Qrops) despite Britain voting to leave the European Union, says Alan Kentish, interim chief executive of STM Group.
People Moves | 5 May 16
PEOPLE MOVES: Lombard Int’l, Axa IM, Nutmeg…
Lombard International has named a new chief executive for its US operations, while Axa IM has announced a senior departure. Nutmeg’s chief executive has stepped aside, with a Columbia Threadneedle veteran bowing out of the industry after a 32-year career.
Zero establishment fee on STM Group Qrops
STM Group has introduced a zero establishment fee for all new Qualifying Recognised Overseas Pension Scheme (Qrops) applications received before 31 October 2016, with immediate effect.