Article Summary

With many non-UK residents considering DB pension transfers, international SIPP appear interesting as a way for them to consolidate UK pensions into one pot. This is because international SIPP offer management and portfolio flexibility.

The SIPP and international SIPP markets are expanding at an exponential rate, forcing the international SIPP providers to compete fiercely. And competition for customers is driving down the costs of running a SIPP and attracting younger generations to financial planning in general.

Because the competition is fierce, we’d like to point out that there are several horses in the lead. This does not imply that the other horses perform poorly; rather, it is a competition to provide the best service in the marketplace.

We’d like to point out that this is a non-paid review. We’d want to share our experience working with the company. You can watch one of our YouTube videos where our CEO and Independent Financial Advisor, Dominic James Murray, explaining about the International SIPPs providers review below before reading the whole discussion.

Best International SIPP Providers 2022 Review (Novia Global, iPensions, Fidelity, and London & Colonial)

Fidelity International SIPP

Fidelity International has a world-class reputation for offering international SIPP services to clients who want to build a brighter future. Founded in Boston in 1969, the company presently has £457 billion in client assets from over 2 million clients across the world. 

Fidelity International SIPP Facts: 

  • Fidelity International provides regulated investment options such as funds, shares, trusts, and ETS. These diverse investments are geared toward achieving your investment objectives.
  • Fidelity International provides affordable service costs, as well as a variety of discounts—if you’re lucky, you can get cash back on special deals.
  • Fidelity International’s omnichannel services are excellent. Fidelity International offers online guidance, educational videos, a planning calculator, and simple investment selection tools. The application also responds quickly.
  • Additional benefits that are often attractive include an even cheaper service fee and your own relationship manager when you invest over £250,000 in Fidelity International.
  • The government matches any contributions you make. HMRC charges £20 for every £80 you invest – and more if you’re a higher or extra rate taxpayer. You can invest up to £40,000 with your 2022/23 tax year pension allowance, which is capped at your earnings if less.

The operational SIPP charges are transparent and fair. You may see everything about the charges in full on the website. However, as an example, we resume the charges as stated below;

  • 0.35 percent for pots ranging from £7,500 to £250,000.
  • 0.2 percent for amounts ranging from £250,000 to less than £1 million.
  • For pots of £1 million or more, there is a 0.2 percent service fee and no service cost.
  • The annual cost for all of your personal accounts is £2,000 maximum.

The companies that manage the funds decide the ongoing fund costs, which begin at 0.05 percent.

London and Colonial International SIPP

London & Colonial has been a well-known pension provider for three decades, and it was among the first firms to offer SIPP services in 1995. Since then, the company has served thousands of clients throughout the United Kingdom and worldwide. London & Colonial was acquired in 2016 by STM Group Plc, a multi-jurisdictional financial services group with over 200 employees across five jurisdictions and a London Stock Exchange listing.

London and Colonial have a considerable reputation in the market for pioneering and innovative pension products. This reputation is further driven by exceptional service on both online and offline platforms.

London & Colonial SIPP, like any other SIPP and international SIPP provider, offers a wide selection of investment options and greater flexibility. Individuals seeking greater control and flexibility with their pension saving provision, as well as those who may already have investments in a SIPP and are looking to transfer providers, could consider this product.

Novia Global International SIPP

At Cameron James, we are always on the lookout for low-cost international SIPP providers who meet the necessary standards of openness, trustworthiness, performance, and experience.

Novia Global is well-known for being one of the most affordable, if not the cheapest, international SIPP providers on the market in terms of fees and service charges.

We have been collaborating with Novia Global International SIPP since June of 2019. Essentially, Nova Global is excellent, and they do not allow any commission or exit penalties in any of the solutions that you are advised. Novia Global International SIPP provides its clients with the most affordable international SIPP on the market, with a £0 initial set-up charge and an annual SIPP Trustee Fee of £180, (VAT).

Novia Global costs only £54 (including VAT) every quarter for SIPP service charges and has no establishment fee. This charge covers trustee services such as administration and reporting. The annual charge for this service ranges between 0.45% and 0.10% of the total value of your pension account.

This partnership with Novia Global lays the foundation for low-cost retirement planning. 

iPensions (Momentum International SIPP)

We began working with the iPensions SIPP because they accept insistent clients. Obviously, this is an uncommon occurrence; nonetheless, we occasionally come across cases when a client insists on a final salary pension transfer, but the IFA does not recommend the DB pension transfer as the best alternative. The client then insisted on going against the recommendation and transferring their pension with their authorization.

Since 2019, the Momentum has been renamed the iPensions and has gained popularity among non-UK residents. The iPensions is a personal pension system that allows you to invest your pension fund in a variety of assets, whether you live in or outside of the United Kingdom.

Facts: 

  • Management and monitoring of the platform are available online 24 hours a day, seven days a week. 
  • There are almost 2,500 options available from some of the world’s largest investment companies. 
  • A simple and straightforward pricing system, with all fees, is clearly described upfront and transparently. 
  • Applicants from the United Kingdom and other nations are allowed to apply.

iPensions SIPP Charges

The SIPP allows you to contribute at any level as long as it is within the HMRC tax relief restrictions. A minimum contribution is not required by contract.

Investment Options

  • Funds
  • Investment Trusts
  • Exchange-Traded Funds
  • Structured products
  • Cash & Deposit Accounts

Our experience with the iPensions SIPP, which was renamed from the momentum international SIPP, has been really positive. The iPensions platform is not the cheapest on the market, but it is incredibly competitive.

PlatformSet-Up FeeTransfer in feeAnnual FeeTransfer Out to Other Schemes
iPension (momentum) Adviser SIPP (under £1M)£300£0£500£500
iPensions (Momentum) Adviser SIPP (£1m to £1.5m)£300£0£1000£500
iPensions (Momentum) Adviser SIPP (£1.5m to £2m)£300£0£1500£500
iPensions (Momentum) USA SIPP (under £1m)£300£0£500£500
iPensions (Momentum) USA SIPP (£1m to £1.5m)£300£0£1000£500
iPensions (Momentum) USA SIPP (£1.5m to £2m)£300£0£1500£500
iPensions Fees & Charges

The service has been good from our standpoint; the initial application and process with the iPensions are very rapid, as is client onboarding; everything is done by electronic signature and no original paperwork is necessary, which is clearly always a benefit.

In general, if a financial advisor recommends the Fidelity, London & Colonial, the Novia International SIPP platform, or the iPensions SIPP platform, that’s pretty solid advice. You shouldn’t run a mile from that financial advisor, but you should delve into the portfolio that the IFA has recommended for you.

Not only should you check for commissions and fees, but you should also look at your ongoing expense ratio or total expense ratio. This is to calculate what the ongoing costs of that underlying portfolio will be.

At Cameron James, we always include all the underlying funds in any report we provide. We have plenty of files of our best-performing funds at Cameron James, but we review them on a monthly and quarterly basis to see how they are performing and whether they are underperforming or outperforming the benchmark.

Cameron James, Expat Financial Planning: Your Trustworthy Pension Transfer Specialist 

Cameron James – Expat Financial Planning is the preferred independent financial advisor for international SIPP transfers. With over 10 years of experience in transferring pensions, Cameron James is now servicing clients in 26 countries. 

We have the qualifications and technical knowledge required to help you transfer to an international SIPP, both as an expat and a US resident. Our mission is to bring regulated and transparent advice to our clients. As such, our clients fully know how much their advice will cost in advance, with no hidden fees.

Cameron James – Expat Financial Planning has a sophisticated cash flow management system in place. Our senior management team has a decade of expertise serving expats and is committed to continuing to serve the requirements of expats for decades to come.

Transferring a DB or DC pension into an international SIPP plan for expats is not a simple decision. Before deciding, many details and procedures must be thoroughly understood. Without comprehension, the benefit will turn into a potential loss.

It is essential to seek competent advice from a qualified financial adviser to verify that your profile matches the suitable options and to ensure that your choice meets the UK and US regulations. Meet one of our dedicated advisers to get a comprehensive understanding of international SIPPs.


Our Founder & CEO -
Dominic James Murray

I have been in the UK Pension Transfer industry for over 11 years, and have witnessed seismic changes in the UK Pension rules over the course of that decade. Most to the benefit of the UK Chancellor or to Chequer!

My 5 years as CEO of Cameron James, have certainly been the most rewarding. My goal, has been a simple one. Provide clients with transparent financial advice on a low-cost basis, for them to make informed decisions to protect their families best interests.


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