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Pin to quick picksStm Grp. Share News (STM)

Share Price Information for Stm Grp. (STM)

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Share Price: 57.50
Bid: 55.00
Ask: 60.00
Change: 0.00 (0.00%)
Spread: 5.00 (9.091%)
Open: 57.50
High: 57.50
Low: 57.50
Prev. Close: 57.50
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STM Group launches new pension products for Australia and Europe

Mon, 17th Oct 2016 14:15

(ShareCast News) - Cross-border financial services provider STM Group announced the launch of its Australian, superannuation qualifying, recognised overseas pension scheme based out of Gibraltar on Monday.The AIM-traded company had previously identified Australia as a target market and, it "is pleased" to have executed on the first phase of its pension solution growth strategy in Australia."It is approaching two years since HMRC removed all Australian schemes from the QROPS list and, during the intervening period, the STM product development team have worked closely with Australian legal and tax specialists to develop a robust yet flexible retail solution," STM's board said in a statement.The STM Gibraltar (AUS) Superannuation Scheme is included on the HMRC QROPS list, and has also been recognised by the Australian Tax Office as a foreign superannuation scheme.STM said the scheme is available to clients worldwide and offers the advantages of a standard QROPS with the additional benefit of certainty of tax treatment for people resident, or likely to become so, in Australia.Additionally, the company announced the launch of its STM Malta Pension Contract Plan, which it said has been created to target predominantly civil law countries in Europe where trusts are not such a familiar concept.Both the foreign superannuation scheme and the contract-based plan complement STM's existing international pension product range, the board added."Our ambition to be recognised as the leading provider of international retirement solutions is greatly strengthened in the market by the group's product and business development activities," said CEO Alan Kentish."We are constantly reviewing both product and regional options to identify gaps in the market to proactively meet client demand.""With 1.3 million British expats already in Australia, we expect demand from Australian resident expats to be high. It is also important to bear in mind that the product is available worldwide and with as many as 50,000 UK nationals emigrating every year, and not forgetting the returning Australians, there is likely to be significant interest from those who are not yet Australian resident."
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4 Jul 2014 16:30

Daily Mail General Trust's Chairman sells £15.91m-worth of shares

Viscount Rothermere, the Chairman of Daily Mail and General Trust, has traded in £15.91m-worth of shares in the multi-media and information company. Selling the stock at 860p a piece, Rothermere benefited from the rise seen in the group's share price this week, which has seen it climbed 5.56%, or

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4 Jul 2014 09:12

DIRECTOR DEALINGS: STM Group Directors Buy From Selling Shareholder

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11 Mar 2014 13:07

STM Group Swings To Profit; Continues To Review Dividend Policy

LONDON (Alliance News) - Financial services business STM Group PLC said it swung to profit in 2013, boosted by its pensions division. AIM-listed STM, which provides financial management to high-net-worth individuals, posted pretax profit of GBP269,000 for the year, compared with a loss of G

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17 Jan 2014 15:16

STM Group appoints CFO

Financial services company STM Group has appointed Therese Neish as Chief Financial Officer (CFO) with immediate effect. She replaces Alan Kentish who has been appointed as Director of Product and Business Development. Niesh has been with the company since 2003 after training with KPMG. She spent

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17 Jan 2014 09:06

STM Group Promotes Therese Neish To CFO Job

LONDON (Alliance News) - STM Group PLC Friday said it has appointed insider Therese Neish as chief financial officer with immediate effect, replacing Alan Kentish who was recently appointed as the company's director of product and business development. Neish joined the company 10 years ago,

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17 Jan 2014 08:13

UK MORNING BRIEFING: Shares Open Higher Despite Shell Warning

LONDON (Alliance News) - UK shares have opened higher Friday despite negative news from two FTSE 100 companies, Royal Dutch Shell and Shire.

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3 Sep 2013 11:37

STM Group Margins Increase As It Reduces Bank Loans

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21 Dec 2011 12:29

STM shares plunge on profit warning

STM Group, which provides financial sevices to the rich and famous, has issued a profit warning after economic conditions made clients cut back on its products. Revenue for the second half of 2011 is expected to be below management's expectations, prompting a big sell off of its shares, which pushe

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8 Mar 2011 12:58

STM prepares fireworks for 2011

STM, the cross-border financial services firm, more than doubled profits in 2010, in line with expectations, and "two little fireworks" could make 2011 a winning year. The company, which helps individuals and businesses with tax, legal, trust and pensions needs, made £1.5m before tax and after exch

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