events siblity of relocating to Gibraltar which brings us to ask why he is especially interested in Gibraltar as a jurisdiction? “Well, I have been visiting Gibraltar since I was 21 years of age, and I have a real passion for the place and feel very much at home here. People I spoke to expressed an interest in my work, and I have realised there is certainly a call for personal and organisational growth and development (performance and results) at the very highest level, and so the opportunity to provide this in a place I am so fond of is extremely attractive.” Overall the main aim of the event in May is to provide inspiration for business executives and lead-
ers who are looking for ways to improve and develop their teams as well as enjoying a pleasant evening and excellent dinner. For keen Arsenal FC fans in Gibraltar the evening also boasts a chance to purchase Arsenal memorabilia, which will be auctioned for a charity at the event. If you are interested in attending, need more information which is not on the website www.leadership-events.com, or would like to book a table contact James Appleby on 606 52474 or info@leadershipevents.com. Spaces are limited. Tickets are available priced at £550 for a table of five and £950 for a table of 10 (including dinner, all wine, beer and soft drinks). n
There is huge Arsenal and football following in Gibraltar, and Martin will be a key attraction for the event Finance Centre Council annual conference The Finance Centre Council annual conference will take place on Thursday 5th May on the specially converted 4th floor of the Leisure Island Business Centre, Ocean Village. Space is limited to 400 delegates. The cost for attendance including coffee, lunch and drinks is £75.00. Visit www.financecentre.gi for full programme and to book your place. n
GIBRALTAR MAGAZINE • MAY 2011
STM Group resolves the Gibraltar QROPS crisis For the last two years Gibraltar has had a voluntary suspension on accepting UK pension transfers due to negotiations with HMRC over local tax rates. Clients and providers alike have found this to be a very frustrating time with millions of pounds of pension transfers being held up, potentially lost to other jurisdictions. David Erhardt, Pensions Director of STM Group has designed a new Gibraltar QROPS scheme which we are pleased to announce has been approved by the Commissioner of Income Tax in Gibraltar and recognised by HMRC in the UK as a Qualifying Recognised Overseas Pension Scheme (QROPS). Whilst full details of the new scheme are being kept confidential for obvious reasons, it is the expertise on QROPS and the detailed knowledge of the Gibraltar taxation system that has allowed STM to lead the way in resolving the Gibraltar QROPS crisis.
Whilst existing schemes remain in a state of suspension, STM is the only provider currently able to transfer pensions from the UK to a Gibraltar QROPS. Due to its geographical location, Gibraltar is within close proximity to a large number of expats who are able to visit their pension trustees for a face to face meeting. A Gibraltar QROPS also offers some unique advantages over other jurisdictions and therefore is a welcome addition to the STM Group multijurisdictional QROPS Wrap and follows hot on the heels of the launch of the STM Malta QROPS. n
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