Australian-based subsidiary of STM Group, My Options Superannuation, has launched a new service aimed at Australian residents with UK pension savings.
In a statement on 2 February, it said the My Options Super Administration and QROPS Information Service was created following HMRC’s decision to remove all Australian retail superannuation schemes from the ROPS list.
The My Options Super team, with support from STM Group’s product development specialists, worked closely with Australian legal and administration professionals to develop a service for the establishment and administration of Self-Managed Superannuation Funds (‘SMSF’) requiring Qualifying Recognised Overseas Pension Scheme (‘QROPS’) status in order to accept UK pension monies.
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.