Corporate News

Launch of new German life assurance product

23 July 2013

STM Group PLC (AIM:STM), the cross border financial services provider, is pleased to announce the launch of its first proprietary product for the German market through its subsidiary STM Life Assurance PCC Plc ('STM Life').

By working with tax experts and lawyers in Germany, STM Life has developed a product solution that complies with all German tax and insurance regulatory requirements thereby offering significant tax advantages and wealth structuring opportunities for both expatriates and local nationals living in Germany.

The product offers a tax free roll up of gains, dividends and interest with the prospect of reduced taxation of the final policy proceeds after the applicant has reached age 62 and the policy has been in force for at least 12 years.  There is an exclusive choice of underlying investments from top-tier investment houses and, combined with the Protected Cell Company Legislation in Gibraltar means that policyholder's assets are 100% protected against any risk of default by the insurance company.  Other benefits include a 10% life assurance coverage from inception of the policy, which is unique in the marketplace.

Commenting on the product launch, Colin Porter, CEO of STM, said:

"In our results announcement in March we referred to STM's strategic focus on both STM Life and the Germanic markets. 

"The 'STM Life Capital Bond Germany' is early evidence of our ability to identify and innovate to meet the needs of the market in niche areas showing client demand and significant potential.  We see this as the launch of the next phase of a number of country specific niche products that utilise all the benefits of being a fully fledged EU life assurer.

"We are confident that STM's focus on delivering for the the new generation of international, mobile, high net worth and mass affluent, through the development of market leading products and a much improved distribution and introducer network will drive the future prosperity of the Group."


For further information, please contact:

Colin Porter, Chief Executive Officer Tel: 00 350 200 42686
[email protected]

Alan Kentish, Chief Financial Officer Tel: 00 350 200 78614
[email protected]
Chris Raggett - Corporate Finance
Simon Starr - Corporate Broking
Tel: +44 (0) 20 7220 0500
Walbrook PR
Tom Cooper / Paul Vann Tel: +44 (0) 117 985 8989
Mob: +44 (0) 797 122 1972
[email protected]


Notes to editors:

STM is a multi-jurisdictional financial services group listed on the Alternative Investment Market of the London Stock Exchange. The Group specialises in the delivery of a wide range of financial service products to professional intermediaries and in the administration of assets for international clients in relation to retirement, estate and succession planning, and wealth structuring.

Today, STM has trading operations in Gibraltar, Malta, Jersey, and Spain. It has also recently opened satellite offices in South East Asia, the Middle East, and South Africa. The Group continues to expand through the development of additional products and services that its ever-more sophisticated clients demand.

STM has, for example, a dedicated international pensions division which specialises in Qualifying Recognised Overseas Pension Schemes (QROPS) and Qualifying Non-UK Pension Schemes (QNUPS); it also has a Gibraltar Life Insurance Company, STM Life Assurance PCC PLC, which provides life insurance bonds - wrappers in which a variety of investments, including investment funds, can be held.

Further information on STM Group can be found at