The provider of your Self-Invested Personal Pension (SIPP) may be at fault for any pension losses that you’ve experienced.
The company known as Stadia Trustees may also be known to you as Munro SIPP, Liberator SIPP, Ipswich SIPP, Investor Club SIPP, Hero SIPP, Essex Community Foundation SIPP, Essential SIPP, and Noisnep SIPP. If you have lost money with any of these companies, you may be entitled to compensation.
The financial regulator investigated Stadia Trustees back in 2011 as part of its drive to combat the risks that unregulated Collective Investment Schemes and small companies were exposing clients to. As a result of this, Mattioli Woods was brought in to assist the company and immediately set about securing the benefits of clients by moving their assets over to different pension arrangements. It was estimated that some 80% of all Stadia Trustees clients were exposed to some type of none standard assets and more than 50% of clients had all of their pension fund invested into these types of assets.
It became clear that the company wasn’t performing the required level of due diligence when accepting pension transfers that were then put into none standard and high risk types of investments. By not being compliant, it was often to the detriment of Stadia Trustees clients as they transferred their pension without being given sound advice from a regulated IFA. This meant that there was no way for them to seek financial redress if anything was ever to go wrong.
The none standard investments eventually collapsed and many clients lost their entire pension pot. To add insult to injury, they were then left in a pension plan where they were required to pay expensive charges and fees.
If you are someone who has a family pension trust, Small Self-Administered Scheme, or SIPP that was arranged by Munro SIPP, Liberator SIPP, Ipswich SIPP, Investor Club SIPP, Hero SIPP, Essex Community Foundation SIPP, Essential SIPP, or Noisnep SIPP then you may be entitled to claim for compensation. It is important to understand that Mattioli Woods is not the company responsible for the investments failing.
Next Steps
Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.
