Financial Loss On SIPPs With Stadia Trustees

  • No Win, No Fee
  • No hidden charges
  • Over 15 years experience
  • Specialist solicitors
  • Professional friendly service

We have encountered an increasing number of cases where people have suffered financial losses investing or transferring their pension funds into a Self Invested Personal Pension (SIPP) provided by Stadia Trustees Ltd.

Senior Associate Tim Hampson works for award-winning Neglect Assist. He has many years experience and is currently acting on behalf of a number of people in claims for financial losses on SIPPs provided by Stadia Trustees Ltd

Read more about Tim or contact him here

The SIPP has acted as a wrapper in many instances for investment of funds into high risk or illiquid investments such as the Los Pandos Vineyard in Spain, storage pods provided by Store First Limited or the GAS Verdant scheme in Australia. The investments are wholly unsuitable for pension fund investments. This has led to people suffering devastating financial losses on their pension funds and in some situations, the full fund value has been lost entirely.

While Stadia Trustees Ltd have now ceased trading, it may be possible for clients and customers who have lost money through dealings with this company to seek compensation using claims procedures established by the Financial Services Compensation Scheme (FSCS).

The FSCS have recently been investigating whether Stadia Trustees Ltd complied with their regulatory duties by exercising appropriate levels of due diligence on the investments that were made through the SIPPs they provided.

Due to the fact that SIPPs provided by Stadia Trustees were often used to invest into high risk, unregulated funds and asset classes, many of which were based overseas, there may be strong grounds for their clients to argue that there has been a failure to exercise this due diligence. It follows that those affected may be able to recover compensation for losses sustained through dealings with Stadia Trustees Ltd as a result.

We are currently representing a significant number of people who have lost money on SIPPs held with Stadia Trustees Ltd in claims for compensation.

If you are similarly affected then we would like to hear from you as we may be able to assist you in bringing a no win, no fee claim to recover your losses. Please call us on 0208 870 7849 for further advice, or fill in the form and one of our Solicitors will call you back at a convenient time.

We are acting on cases where advice to invest in, or transfer to, a SIPP provided by Stadia Trustees Ltd has commonly been given by third parties who in many cases are unauthorised and who are not regulated by the Financial Conduct Authority. In some cases, the unauthorised introducer was subject to an FSA (as it was then) Warning Notice, yet Stadia Trustees Ltd still accepted applications from that individual.

If this applies to you, please be aware that this it does not affect your right to claim in any way at all. Stadia Trustees still owed a duty to exercise due diligence on the suitability of their SIPP investments regardless of who the customer initially had dealings with. A report published by the financial regulator commented;

 

We are clear that SIPP operators cannot absolve themselves of any responsibility for the SIPP advice given by third parties such as IFAs, and we would expect them to have procedures and controls, and to be gathering and analysing, management information, enabling them to identify possible instances of financial crime and consumer detriment such as unsuitable SIPPs.

If you have suffered financial loss as a result of investing or transferring a pension to a SIPP with Stadia Trustees Ltd then please call us on  0208 870 7849  for free and without obligation advice.

Why Choose Us?

  • We have over 15 years’ specialist experience in financial services professional negligence with a team of lawyers working exclusively on these cases.
  • You only normally get one shot at making a pension or investment mis-selling claim.  If it is not done properly it can be rejected.  It is important you submit the right evidence, presented in the right way and emphasising important points.  Unlike claims submitted to the Ombudsman who only uphold up to 60% of pension and investment complaints*, if we take your case on and it is within time limits, we are successful in over 95% of our cases.
  • We only operate on a “no win, no fee” basis.  If you are not successful you do not pay us a penny.
  • We are leaders in pension and investment negligent law and are frequently asked by newspapers, TV and radio for commentary on this area of law.  We also give lectures on our specialist work to other lawyers.
  • We are pursuing several ground-breaking group claims.  One such case was Adams v Options SIPP.  Hundreds of our clients had their pensions defrauded by unregulated introducers and advisers.  These advisers had disappeared with the money and the Ombudsman had rejected many complaints because these advisers were unregulated.  We pursued claims against the self-invested personal pension (SIPP) operators for failing to make proper checks on these introducers and other regulatory breaches.  After years of fighting, including losing the first court case, we persuaded the Court of Appeal these pension operators were liable.  Thousands of pensioners have been able to recover their lost pensions as a result.
NO WIN, NO FEE

Take our 15sec test to see if you could be entitled to compensation

We're committed to ethical marketing and we'll NEVER cold-call or send spam emails or text messages to you.

Mis-selling or mis-management by a SIPP Operator?

Have you suffered financial losses on a SIPP operated by a SIPP operator? If so, then you may have grounds for bringing a No Win No Fee claim.

Some SIPP operators have entered into dealings with third party advisers who are not authorised and regulated by the Financial Conduct Authority to give pension or investment advice. This is despite their regulatory body publishing alerts and giving warnings against such actions.

View More

Mis-sold or mis-managed investment or pension?

  • You were sold an investment without having been properly advised of the risks
  • Your personal circumstances or attitude to risk wasn’t properly considered
  • You were sold a SIPP or poor returning annuity
  • You were advised to invest all or most of your savings into a single investment
View More

We've got your questions covered

One of the UK’s leading specialists in financial mis-selling... The Times
finance-monthly trustpilot

Make a no obligation enquiry

We're committed to ethical marketing and we'll NEVER cold-call or send spam emails or text messages to you.