Stadia Trustees Limited

Stadia Trustees Limited were a SIPP provider company, established in 2006.

In 2011 an FSA inspection of SIPP providers highlighted problems at Stadia which eventually led to the company winding down.

Green Leaf Global

In 2012, The Insolvency Service won a high court ruling to wind up Green Leaf Global biofuel investment project. 

The then FSA (who preceded the now FCA) supported the decision, agreeing that the investment had been wrongly categorised as falling outside of the FSMA and was actually a collective scheme. 

Green Leaf Global insisted they had received legal advice as to the classification of the investment.

According to reports at the time – Stadia had produced a trustee due diligence report on the Greenleaf Global and Greenleaf Global Togo biofuel projects and concluded they were a suitable investment to be held in a SIPP.

However, it’s thought that as many as 80% of Stadia clients had been exposed to non-standard assets; with many having all of their pension funds invested in these schemes. 

Restrictions and Winding down

In 2013 the FSA placed restrictions on Stadia’s permissions prohibiting them from accepting new business.

In 2016 Mattioli Woods stepped in to help Stadia wind down the business, including moving 1,000 clients into its own SIPPs. 

This transfer included the following SIPPs which were operated by Stadia Trustees

  • Noisnep Sipp
  • Essential Sipp
  • Essex Community Foundation Sipp
  • Hero Sipp
  • Investor Club Sipp
  • Ipswich Sipp
  • Liberator Sipp and Munro Sipp

Declared in Default

In 2018 Stadia was one of 3 SIPP operators to be declared in default by the FSCS. They reportedly received around 150 claims for compensation in respect of these firms and the way they operated and administrated their SIPPs.

Stadia are currently in liquidation.

Think you have a mis-sold Stadia SIPP?

If you had a SIPP with Stadia Trustees and you haven’t already checked whether you have been mis-sold – now’s the time to act! 

We can help establish if you may have a case to claim compensation as a result of mis-selling. Call 0114 2664216 or fill in the form to arrange a call back. 

We’ve helped hundreds of clients successfully claim compensation – see what they have to say about our service on Trustpilot. 

 

Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Compensation Scheme, whichever is applicable to your claim.

We will not make or pursue a claim, or advise you to, if we know or have reasonable grounds to suspect that the claim does not have a good arguable basis, and or is fraudulent or frivolous.