The Australian subsidiary of STM Group, My Options Superannuation, has rolled out a service for Australian residents with UK pension savings.
The My Options Super Administration and Qrops Information Service will help with the establishment and administration of self-managed superannuation funds (SMSFs), which require qualifying recognised overseas pension scheme (Qrops) status to accept UK pension monies.
STM said the move follows HM Revenue & Customs’ (HMRC) decision to remove all Australian retail superannuation schemes from its Rops list.
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.