STM launches Sipp for international clients

Added 17th July 2017

STM Group has launched a UK-based self-invested personal pension (Sipp), designed specifically for international clients with UK pensions, taking advantage of recent changes impacting the Qrops market.

STM launches Sipp for international clients

The STM International Pension Plan will be operated and administered by Sipp provider London & Colonial, which STM acquired in October 2016.

The Sipp offers flexible retirement options with a choice of fee arrangements and access to technical support across the group.

STM advised that feedback from existing advisers, who have been using the London & Colonial service for a number of years, suggests applications can be completed and submitted in a little over five minutes.

The online process provides dual access with each client required to electronically sign their application. Online applications also provide advisers with improved visibility, courtesy of online submission tracking.

Opportune timing

Iain Farr, head of group distribution for STM, said: “The launch is opportune timing given the recent changes affecting Qrops. The London & Colonial brand and service levels are renowned within the UK Sipp industry, a fact supported by the number of accolades their Sipp products have received.

“The online functionality will further enhance the high levels of service and efficiency already being enjoyed by those transacting Sipp business with London & Colonial.”

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About Author

Kirsten Hastings

Senior Reporter

Kirsten is a senior reporter for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry. Kirsten has a Masters in Financial Journalism from the University of Stirling. 

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