# STM Group 2021 life assurance audits update

- Link: https://www.directorstalkinterviews.com/stm-group-2021-life-assurance-audits-update/4121120576
- Published: 2023-05-25T07:11:15+01:00
- Author: Jacob Brown

**STM Group Plc** ([LON:STM](https://www.directorstalkinterviews.com/company/stm-group-plc/stm.l)),
the cross border financial services provider, has announced that the financial statements
for the Company’s two Gibraltar life assurance subsidiaries, London & Colonial Assurance
PCC Plc and STM Life Assurance PCC Plc for the year ended 31 December 2021 have 
been signed.

STM Group further announced that regulatory approval from the Gibraltar Financial
Services Commission (“GFSC”) for the appointment of the Managing Director of the
Life Company Subsidiaries was received on 5 May 2023. As such, there was no requirement
to disclose a material uncertainty relating to going concern in the financial statements,
referenced in the Company’s market announcement issued on 4 May 2023.

The process is now under way to appoint Grant Thornton as auditors of the Life Company
Subsidiaries to ensure that the 2022 Group audit is signed in the coming weeks.

STM Group Plc is a multi-jurisdictional financial services group traded on AIM, 
a market operated by the London Stock Exchange. The Group specialises in the administration
of client assets in relation to retirement, estate and succession planning and wealth
structuring.

Today, the Group has operations in the UK, Gibraltar, Malta, Australia and Spain.
STM has developed a range of pension products for UK nationals and internationally
domiciled clients and has two Gibraltar life assurance companies which provide life
insurance bonds – wrappers in which a variety of investments, including investment
funds, can be held.

STM’s growth strategy is focussed on both organic initiatives and strategic acquisitions.

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