Bringing you live news and features since 2006 

Novia Global launches low cost international SIPP


Novia Global is to launch a new low cost, flexible retirement solution, the International SIPP. Fully integrated into the Novia Global platform the international SIPP will be charged at GBP45 (plus VAT) per quarter and will be set up with no establishment fee. 

Aimed at the UK Ex- pat community and featuring the Origo transfer service (available for UK money purchase schemes) the international SIPP will be available from 24 June. 

Dave Field, Head of Customer Service at Novia Global, says: “We are witnessing a drop off in demand for QROPs largely due to the Overseas Transfer Charge (OTC) tax charge introduced in 2017. The Novia Global International SIPP was launched to meet the requirement for a flexible, transparent, cost effective and tax efficient vehicle in the retirement space.  In addition, the post pensions freedom legislation has seen the restrictions lifted on enforced annuity purchase as well as the removal of the so called pensions death tax. This, coupled with the demand in the offshore markets for increased transparency has led to a significant demand for an international SIPP. 

“The fact that the SIPP is fully integrated into the Novia Global platform enables users to leverage the considerable experience the Novia team have in dealing with UK ceding scheme trustees thereby reducing pipeline wait times. Utilising Novia Financial as the SIPP provider with a proven track record in the UK retirement market, helps support the efficient process.  This is an exciting launch for us and we are pleased to be able to bring the benefits of the SIPP pensions structure to the international retirement market.”

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by