Are robo-advisers available to UK non-residents?

Hi Holly and the team,

By way of background, I’m a UK national living overseas. I have had an International SIPP for six years. My scheme is also run on an execution-only basis.

I am driven by pricing and service; that's to say I don’t mind paying a price if the service is reflected in the level of service I receive from a provider.

The relationship between me and my current SIPP provider has recently broken down, so much so that I now feel like a burden to them. As a result, I’m looking at the possibility of transferring out or opening a separate scheme.

Given my execution-only basis, to me these robo platforms prompt the following questions:

• Are they available to UK non-residents (as I've been unable to clarify this so far?)

If so:

• Are they trustworthy?

• Are they considered a viable alternative?

• Would there be a greater risk versus a ‘normal’ SIPP provider?

• If AI/algorithms are making decisions rather than an IFA, are they cheaper?

• What do they typically charge?

• How safe would my funds be using a robo scheme?

• Would flexibility in the choice of investment vehicles available be compromised?

• Are they legal?!

Which pension companies provide robo platforms?

Hello,

Regarding robo-adviser availability to UK non-residents, most major UK robo-adviser platforms have residency restrictions due to regulatory requirements. However, some platforms do accept non-resident UK nationals, particularly if they maintain UK pension accounts. You would need to check with individual providers as policies vary - this would involve calling them up or emailing them directly to explain your unique circumstances.

We suggest you look at our SIPP comparison table and use the advanced filter to search for 'mostly done for you' providers. Here we list the main robo-adviser options with SIPPs on the UK market. Take a look at our full reviews to get a taste of their investment options, fees and charges, and more - this will help you filter them down to the providers you're most interested in.

Once you've decided which robo-adviser(s) you'd consider, we suggest you contact them directly to ascertain their availability to UK non-residents and find out if they're a viable option for you.

Hope this was helpful! If you have any further questions, please do reach out.