Mattioli Woods has been appointed to administer the wind-up of Stadia schemes holding £100m of self-invested personal pensions (SIPP), after it ceased to take on new business in 2013.
Mattioli Woods will transfer the assets, held in about 1,200 separate arrangements, to new pension deals including a default option provided by firm. It will be paid £120,000 for the service. Stadia...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected