STM Group and Prudential International deliver no entry cost QROPS product
Following its recent success in resolving the Gibraltar QROPS crisis, STM has selected Prudential International’s range of funds to offer a ‘lite’ QROPS. This is the first product to offer clients a transfer to a QROPS without entry cost. When coupled with STMs commitment to no exit penalties (as with all STM QROPS schemes), this provides a truly unique offering in what is becoming a crowded market place.
STM Group believes that the Prudential funds are the perfect complement to the QROPS market. Previous experience of investing clients’ funds with Prudential has provided STM with the confidence to offer a scheme limited solely to their funds. This type of scheme will suit clients with smaller funds or those transferring from an insurance company scheme in the UK.
STM Group undercuts the competition in the
QROPS pricing war
- Prudential chosen as exclusive STM fund range provider for its ‘lite’ product
- No entry cost QROPS transfer
The STM QROPS utilising Prudential funds will sit alongside the existing STM QROPS Wrap that will give clients a choice of open architecture and a lite product.
This exciting announcement from STM comes off the back of a growing number of QROPS providers reducing their fees for clients looking for a cost efficient QROPS solution. STM Group has once again taken the lead in removing barriers to entry and re-enforcing its position as a leading QROPS provider.
Contact us to find out more about the STM ‘lite’ QROPS.