SIPP investment with Hong Kong Stockbroker

Juddy72

I am looking for a SIPP that will allow me to trade via a Hong Kong stock broker, is this something anyone can help me with?

I have been dealing with a stock broker for retail trades and now want to use the same broker to invest my pension. 

I have an existing SIPP I am looking to transfer when I find an appropriate provider 

Thanks

NedS

A SIPP is a Self Invested Personal Pension - the SIPP provider facilitates you to make your own trades, so you do not need a stock broker - the SIPP platform provides that functionality to you directly.

You can hold shares of any nationality within your SIPP and should be able to buy/sell them as long as they are traded on a recognised exchange. Some providers may choose to provide more choice than others, but that is their choice, not something the regulations limit.

I would suggest you start by looking at one of the major UK SIPP providers such as Hargreaves Lansdown (HL) and see if the shares you are interested in are listed:

https://www.hl.co.uk/shares

Marcon

Juddy72 said:

I am looking for a SIPP that will allow me to trade via a Hong Kong stock broker, is this something anyone can help me with?

I have been dealing with a stock broker for retail trades and now want to use the same broker to invest my pension. 

That would only be an option if the SIPP provider uses their services - which they won't, if the broker is HK based. There is, of course, nothing to stop you asking the broker for advice and then implementing the relevant trades via your SIPP, depending on any constraints imposed by your SIPP provider.

Juddy72

Is there no such thing as an execution only SIPP that hold the funds but allow you to trade within reasonable checks and balances? 

NedS

Juddy72 said:

Is there no such thing as an execution only SIPP that hold the funds but allow you to trade within reasonable checks and balances? 

I don't understand the question - don't all SIPPs allow you to trade within reasonable checks and balances. There are no restrictions on trading shares that are traded on any major exchange, including Hong Kong. For example, see:

https://www.ii.co.uk/investing-with-ii/international-investing/markets/hong-kong

What is it that you are specifically looking for that this does not allow you to do?

midlandsimon

Neds- stop confusing the OP!! They are simply seeking a non platform based SIPP provider that allows access to establish a stockbroker account with a firm based in Hong Kong. Simply attaching links to HL + ii wont help here!

Juddy72- wont be many providers that will allow access to a small overseas broker.  Under new consumer duty rules, i believe the onus has come on SIPP providers to conduct levels of due diligence on potential investments within the plan. What is the name of the broker you are looking to use? Most may class as non standard and reject. 

Juddy72

The brokers are called Lakefield International, I have done several successful retail trades with them including standard stocks as well as IPO's, so I now want to use them to invest my pension.  I am looking for an execution only SIPP that would oversea the transactions to make sure they are inline with SIPP regulations but otherwise not be involved. Does such a product exist?

Malthusian

As others have said you essentially need to run your own pension scheme; it is unlikely that a conventional SIPP with professional trustees would allow this. 
If money is sent to a Hong Kong stockbroker to deal with on a discretionary basis then they cannot oversee the transactions, which is a big problem for them.
There's red flags all over the shop here.

Lakefield International is a bona fide institutional investment advisor that provides credit unions with award winning money management. 

Huh?

Regulated by the Securities & Exchange Commission and held to the fiduciary standard of the Investment Advisors Act of 1940

This is a lie - there is no Lakefield International on the SEC register. And why would a Hong Kong / Singapore stockbroker need to be regulated in the US? (The Hong Kong regulator is called the Securities & Futures Commission.) 
Their website is copied and pasted from elsewhere.
There is a real Hong Kong company called Lakefield International, but it has been registered since 1999, and the lakefieldinternational.com website was only registered at the beginning of 2022.
Also, according to this shipping intelligence website, Lakefield International exports pants, it doesn't manage share portfolios.
OP, I strongly suspect the restrictions on how you can invest a UK SIPP without going to great lengths to run your own pension scheme are going to save you from losing a lot of money.

Pat38493

This is what I was wondering - starting to sound a bit dodgy to me.  I would be very careful about sending money to this company.

midlandsimon

Plenty of UK Brokers to choose from. I always question when people opt to chase small investment houses/brokers in the middle east and Asia!