Malta’s largest personal pension provider – 7 MFSA registered personal pension schemes for around 6,500 clients worldwide.
STM Malta Pension Services Limited (STM Malta) was established in 2010 and is a leading provider of international pension solutions. In 2021, the company changed its name from STM Malta Trust and Company Management Limited to STM Malta Pension Services Limited, reflecting a clearer alignment to its core pension services and strategic direction. Since its establishment, STM Malta has been part of STM Group.
STM Malta is the largest personal pension provider in Malta. It administers seven different personal pension schemes with different objectives and services approximately 6,500 clients located all around the world.
STM Malta is authorised to act as a Retirement Scheme Administrator (RSA) under The Retirement Pensions Act and is subject to ongoing regulation by the Malta Financial Services Authority (MFSA).
STM Malta is a non-advisory business. This means we do not provide financial, tax, or legal advice. All our pension products are distributed via financial advisers and intermediaries.
We work closely with a wide network of international financial advisers who recommend our Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS) solutions to clients looking to transfer UK pensions or make international retirement savings.
Our dedicated onboarding and intermediary relations teams provide ongoing support to financial advisers throughout the product lifecycle – from new business enquiries and pension transfers, to benefit crystallisation and retirement planning. We also offer tailored guidance on how to maximise the opportunities that Malta’s pension framework offers to UK expatriates and internationally mobile clients.
We provide a complete pension transfer solution for both EU and non-EU residents, delivering flexibility and robust governance across our suite of personal pension schemes. Our pension options are designed to meet the needs of expatriates and globally mobile individuals with complex financial and retirement planning needs.
Malta has signed more than 70 double taxation agreements with countries including Australia, the USA, and much of Europe. Clients residing in treaty countries are often able to receive their pensions without the deduction of withholding tax – creating significant tax efficiency for cross-border retirement planning.
Trustee services in Malta are exempt from VAT. This provides a clear financial benefit for clients and advisers when compared to other jurisdictions where VAT may be chargeable on administration or trustee fees.
Our QROPS solutions are designed for individuals with UK pensions who are planning to retire overseas. These schemes offer flexible benefit options and can help mitigate UK inheritance tax exposure and other tax considerations.
Our QNUPS solutions are ideal for individuals seeking to build additional retirement savings in a tax-efficient international wrapper.
Designed to support employee benefit, incentive and succession planning strategies. For more information on the features, benefits and use case, please visit our dedicated product page.
We are expanding our range of international retirement solutions with the forthcoming introduction of IORPS, providing an additional regulated option for internationally mobile individuals and companies.
STM Malta is a Financial Market Participant under the SFDR. In accordance with SFDR, STM Malta, as an RSA and Trustee, is required to provide disclosures on how it considers sustainability risks and the impact of Environmental, Social, and Corporate Governance (ESG) factors for both the Personal Retirement Schemes and the Occupational Retirement Scheme it administers.
Personal Retirement Schemes
STM Malta’s Personal Retirement Schemes are all Member-directed schemes, meaning that investment decisions are generally agreed between the Member and the appointed Investment Advisor or Investment Manager. All directions are to be received by STM Malta through the Investment Advisor and signed by the Member, or by the Investment Manager. It is STM Malta’s role as the RSA to receive and review these instructions to ensure that the investments are suitable for the Member and in line with the investment restrictions set out in the Pension Rules, but STM Malta does not assess the proposed investments to determine whether they take into consideration Sustainability Risks, ESG Factors, or the Principal Adverse Impacts of investment decisions on Sustainability Factors and whether such investments comply with their respective regulations. However, STM Malta supports any initiative taken by the Members to take Sustainability Risks, ESG Factors, and/or Principal Adverse Impacts into account in their personal investment policy as agreed with their Investment Advisor/Investment Manager.
Remuneration policy
The SFDR requires the RSA to include in their remuneration policy information on how this policy is consistent with the integration of sustainability risks.
STM Malta has a fixed remuneration strategy unless it is justified following a performance assessment based on quantitative and qualitative criteria on the entity and personal level. In this respect, STM Malta views its remuneration structure to be consistent with the integration of sustainability risks, as the remuneration policy does not encourage risk-taking with respect to sustainability risks and/or is linked to risk-adjusted performance.
Get in touch with the STM Malta team.
San Gwakkin Building, Level 2, Triq is-Salib tal-Imriehel, Zone 4 Central Business District, Birkirkara CBD4020, Malta