Stadia Trustees Limited was a financial investment firm that mis-sold Sipp pension funds to their clients across England. Stadia is now in liquidation and is no longer authorized to do business by the Financial Conduct Authority (FCA). This means that they cannot pay you for any returns you are owed.
Many of Stadia’s clients lost their retirement savings when they were mis-sold Sipp funds. If this happened to you, there is now hope to recoup your losses. The Financial Services Compensation Scheme is now making mis-sold Sipp compensation available for people like you. Our claims experts can help determine if you are eligible.
Stadia Trustees Limited was incorporated as a private limited company on 22 March 2006, and was registered at Griffins, Tavistock House South on Tavistock Square in London, WC1H 9LG. Their accounts are significantly overdue, and they are in liquidation. The company has faced seven charges, with six satisfied and one currently outstanding. The charge was created on 2 August 2012 by The Royal Bank of Scotland PLC.
Throughout their operational history, Stadia had twelve officers: Antony Robin Hales (active; previously resigned), Gordon Banks (resigned), Melony Louise Holman (resigned twice), Alison Ellen Redgewell (resigned twice), Stadia Trustees Ltd (resigned), Joanna Underwood (resigned), and Bryan Campbell Johnston (resigned).
Stadia Trustees Limited operated a number of different Sipp schemes, including:
They first ran into trouble in 2012, when it was determined that Stadia had incorrectly classified Green Leaf Global biofuel, purposely minimizing the chance of risk. The Insolvency Service won a high court ruling to shut down the Green Leaf Global biofuel investment project.
Stadia also invested heavily in Harlequin properties, a massive £400m luxury hotel project that was never built and has since been dissolved. Many people across the UK lost their life savings to Harlequin – were you affected?
By 2013, the FSA (the precursor to the FCA) shut Stadia down, and now the FSCS is offering mis-sold Sipp compensation to their clients. If you qualify, you may be entitled to some of this financial repayment.
If you ever invested with Stadia Trustees Limited, you might have been mis-sold Sipp products, and you could be eligible for mis-sold Sipp compensation.
If your financial advisor used ‘hard sales’ tactics to pressure you into investing with Stadia, or they failed to adequately warn you about the risks of unregulated Sipp funds, you need to get in touch with our claims team right away. The FCA mandates that all investors be given accurate and clear information about their investments. If you were misled in any way, you could have a case.
If you are determined to have been mis-sold SIPP pension funds, you could recoup some or all of your losses. Apply online today for an information pack to learn more.
FSCS Stadia Trustees Limited Claim
Stadia Trustees Limited has been declared in default by the Financial Services Compensation Scheme. This means that the UK’s compensation scheme for failed financial services firms will pay compensation for valid mis-selling claims. Allegiant can assist you with claims to the FSCS about Stadia Trustees Limited. Fill in our online application form to get started.
You do not need to use a claims management firm to make your claim and if your complaint is not successful you can refer it to the Financial Ombudsman Service or in the case of a failed firm, the Financial Services Compensation Scheme, for free.Apply Now
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The Financial Conduct Authority (FCA) has identified ‘serious and ongoing failings’ by both Individual Financial Advisers (IFAs) and Self-Invested Personal Pension Providers. Typically, mis-selling is related to the “wrong” type of investor being given poor or misleading advice as to what investments were relatively safe and right for them. In this summary, we look at What a SIPP is, and how they have been mis-sold, together with the FCA’s review into sector malpractice.Click to Read
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• Compensation is £1,000, the fee is £150 plus VAT £30. This means the amount payable to us is £180 leaving you with the benefit of £820.
• Compensation is £3,000, the fee is £450 plus VAT £90. This means the amount payable to us is £540 leaving you with the benefit of £2,460.
• Compensation is £10,000, the fee is £1,500 plus VAT £300. This means that the amount payable to us is £1,800 leaving you with the benefit of £8,200.
NB. It is possible that our fee may become payable before you have access to your pension or investment which may result in you having to pay our fee from your own funds.
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