Self-Administered Personal Pensions (SIPPs and SSAS) are generally considered the most appropriate pension ‘wrapper’ for people seeking flexibility and a broad investment choice not necessarily available in other forms of retirement plan.
They can be used as a conduit to invest in a wide range of assets and securities, their appeal supplemented by significant tax relief. HMRC may insist that SIPPs must be administered by an authorised provider, but it’s the individual investor generally in conjunction with their independent financial adviser who determines what to buy or sell and, crucially, when.
Having such a degree of control has understandable appeal to people who are often used to running their own business and administering their financial affairs.
STM Group plc (LON:STM) is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group was formed as a strategic investment company specifically to build a leading financial services group originally operating in the international corporate and trustee service provider (CTSPs) sector.