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Search: Posts Made By: jlaws
Showing results 1 to 25 of 28
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Forum: Moving back or to the UK
May 27th 2026, 2:55 am
Replies: 8
Views: 1,174
Posted By jlaws

Re: Financial advisor for US and UK retirement planning

Yes, you need an adviser who is both FCA and SEC authorised, as then they can advise on both US and UK accounts, and should know suitable courses of actions, whilst also putting you in touch with...
Forum: Moving back or to the UK
May 12th 2026, 11:10 pm
Replies: 8
Views: 1,174
Posted By jlaws

Re: Financial advisor for US and UK retirement planning

Thats shocking. A dual US/UK adviser should know all of that, and know how to explain it in simple terms to those that lack their understanding.

They should also definitely be encouraging...
Forum: USA
Apr 22nd 2026, 8:04 pm
Replies: 5
Views: 3,454
Posted By jlaws

Re: Transfer to another ISA provider while in the US?

US Residents can open up a new ISA with Morningstar International with an SEC adviser, and then you can invest in US domiciled funds and avoid PFIC issues.
Forum: The Trailer Park
Mar 5th 2026, 8:20 pm
Replies: 16
Views: 2,535
Posted By jlaws

Re: Pensions

*through their UK Business

But yes, everything there is accurate. They also have the marketing names they use under foreign-regulated firms (USA, Europe, Global for Blacktower Group) on the FCA...
Forum: The Trailer Park
Mar 5th 2026, 8:27 am
Replies: 16
Views: 2,535
Posted By jlaws

Re: Pensions

Your advice was given unlawfully.

Financial advice is regulated by the SEC for US Residents, regardless of where the assets being advised on are located.

UK FCA regulated advisers are not...
Forum: The Trailer Park
Mar 5th 2026, 7:16 am
Replies: 16
Views: 2,535
Posted By jlaws

Re: Pensions

That advice was all but certainly provided unlawfully. You can not give SEC-authorized advice to transfer to AJ Bell, and their SIPP is not compliant for a US Resident. It is only a matter of time...
Forum: The Trailer Park
Dec 11th 2025, 9:58 am
Replies: 16
Views: 2,535
Posted By jlaws

Re: Pensions

You can't transfer to the US, as there are no US pensions that have QROPS Status.

Your options are basically to leave them where they are, or transfer them to a UK SIPP designed for a non-UK...
Forum: Moving back or to the UK
Nov 2nd 2025, 8:58 pm
Replies: 35
Views: 8,029
Posted By jlaws

Re: Moving to a drawdown pension

Please read what I wrote. They onboard clients using an old UK address which is not theirs. That is not legal. Their PI etc does not allow them to onboard non-UK residents, but they seemingly can...
Forum: Moving back or to the UK
Oct 26th 2025, 3:21 am
Replies: 35
Views: 8,029
Posted By jlaws

Re: Moving to a drawdown pension

Again, what PensionBee is doing here is brazenly illegal. They are circumventing AML/KYC laws, and incredibly flagrantly. They are not allowed to open accounts for non-UK residents. They therefore...
Forum: Moving back or to the UK
Oct 24th 2025, 5:47 am
Replies: 35
Views: 8,029
Posted By jlaws

Re: Moving to a drawdown pension

There are no mainstream SIPP providers that accept non-UK residents (the two you listed do not either). Non-UK Residents in regulated jurisdictions (EU/US/Australia etc) require a financial adviser...
Forum: USA
Oct 19th 2025, 1:06 am
Replies: 15
Views: 3,857
Posted By jlaws

Re: Are UK sipp pensions really exempt from PFIC reporting

It is the overwhelming consensus of tax advisers and financial advisors that UK pensions are not subject to PFIC. The only tax advisors I have ever come across stating it is had also seemingly based...
Forum: USA
Oct 18th 2025, 1:53 am
Replies: 6
Views: 1,083
Posted By jlaws

Re: Stay with Aegon or transfer to MES

So, as already very well discussed below, you probably need to have a formal review of your current pension and then look at the options from there. MES has serious issues, and no informed regulated...
Forum: USA
Oct 18th 2025, 1:48 am
Replies: 36
Views: 6,357
Posted By jlaws

Re: Withdrawal of UK private pension

So, MES is not compliant for US Residents to directly invest, as not registered as a Broker-Dealer with the SEC. They also used to unlawfully advertise and market to US residents and provided tax...
Forum: USA
Oct 3rd 2025, 9:16 am
Replies: 36
Views: 6,357
Posted By jlaws

Re: Withdrawal of UK private pension

From the sounds of it, t was awhile ago that you transferred, so yes, you had a good multiple, so effective withdrawal rate would have likely been 3% or less, so yes, good chance you'd have been able...
Forum: USA
Oct 3rd 2025, 9:09 am
Replies: 36
Views: 6,357
Posted By jlaws

Re: Withdrawal of UK private pension

But again, stock market returns and annual income increases are not a like for like comparison. With a multiple of 20x and a DB increasing c.3% a year, you'd need c.8-10% returns to replicate the DB...
Forum: USA
Oct 2nd 2025, 8:45 pm
Replies: 36
Views: 6,357
Posted By jlaws

Re: Withdrawal of UK private pension

Who is this new provider and what platform?
Forum: USA
Oct 2nd 2025, 8:34 pm
Replies: 36
Views: 6,357
Posted By jlaws

Re: Withdrawal of UK private pension

I mean, if you are going to stick your entire savings into the NASDAQ, which can and will drop 30%+ at the drop of the hat, and very well could be now a huge bubble, then I mean, good luck to you,...
Forum: USA
Oct 2nd 2025, 8:47 am
Replies: 21
Views: 20,435
Posted By jlaws

Re: New SIPP options for US residents?

AJ Bell Youinvest no longer accepts any new non-UK residents whatsoever. The platform provider they use was told by ESMA, the EU regulator, that they were not operating compliantly by offering...
Forum: USA
Oct 2nd 2025, 4:07 am
Replies: 36
Views: 6,357
Posted By jlaws

Re: Withdrawal of UK private pension

Multiples used to be 40x+, now they are closer to 18-20, if you are lucky. That is a c.5-5.5% effective withdrawal rate. Giving up 5.5% of guaranteed escalating income requires c.10%+ returns to be...
Forum: USA
Oct 2nd 2025, 4:03 am
Replies: 36
Views: 6,357
Posted By jlaws

Re: Withdrawal of UK private pension

Primarily to optimize cash flow for tax planning - Take the DB, and reduce cash flow elsewhere. Too much income is a good problem to have, and giving up a c.5.5% guaranteed escalating withdrawal rate...
Forum: USA
Oct 1st 2025, 8:34 am
Replies: 36
Views: 6,357
Posted By jlaws

Re: Withdrawal of UK private pension

Its tied to gilt rates, nothing to do with scheme assets. Onvestor is also now out of business. When they were operating, transfer values were the best part of double what they are now. Back when you...
Forum: USA
Oct 1st 2025, 2:01 am
Replies: 36
Views: 6,357
Posted By jlaws

Re: Withdrawal of UK private pension

Would just caveat all of this, that transfer values (known as CETV's) for final salary pensions have absolutely collapsed. They are down about 50% from their peaks at the end of 2021. The values...
Forum: USA
Aug 29th 2025, 3:44 am
Replies: 21
Views: 20,435
Posted By jlaws

Re: New SIPP options for US residents?

The post about finding a broker who can help them set up an AJ Bell Investcentre SIPP. That isn't legal. The "broker" will be breaching various securities and advice laws if they are doing that for a...
Forum: USA
Aug 28th 2025, 8:36 pm
Replies: 21
Views: 20,435
Posted By jlaws

Re: New SIPP options for US residents?

That is not remotely lawful. AJ Bell Investcentre only works with FCA regulated advisers. FCA regulated advisers are not allowed to give advice to US Residents except for a very narrow foreign...
Forum: USA
Oct 12th 2023, 8:39 pm
Replies: 7
Views: 1,225
Posted By jlaws

Re: UK Pension - Overseas Beneficiaries Lump Sum

Thank you, and no problem at all, have no interest in selling my services, I just was curious when I came across this site (very impressed, the founders must be very proud), and thought with recent...
Showing results 1 to 25 of 28
 
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