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.”
