capaDATA
  • PERFORMANCE
    • Younger saver, 30 years to retirement – 5-year annualised returns
      • Line chart
      • Bar chart
    • Younger saver, 30 years to retirement – 3-year annualised returns
      • Line chart
      • Bar chart
    • Younger saver, 30 years to retirement – 1-year annualised returns
      • Line chart
      • Bar chart
    • Older saver, 5 years to retirement – 5-year annualised returns
      • Line chart
      • Bar chart
    • Older saver, 5 years to retirement – 3-year annualised returns
      • Line chart
      • Bar chart
    • Older saver, 5 years to retirement – 1-year annualised returns
      • Line chart
      • Bar chart
  • RISK/RETURN
    • Risk/Return – Younger saver, 30 years from retirement, 5-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 3-year annualised
    • Risk/Return – Younger saver, 30 years from retirement, 1-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 5-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 3-year annualised
    • Risk/Return – Older saver, 5 years from retirement, 1-year annualised
  • PROVIDERS
    • Aegon Master Trust
    • Aon Master Trust
    • Atlas Master Trust
    • Aviva Master Trust
    • The Bluesky Pension Scheme
    • Ensign Retirement Plan
    • Fidelity Master Trust
    • Legal & General Investment Management – WorkSave Pension Mastertrust
    • LifeSight (Willis Towers Watson)
    • Mercer Master Trust
    • National Employment Savings Trust (NEST)
    • Now: Pensions
    • The People’s Pension
    • Salvus Master Trust
    • Scottish Widows Master Trust
    • Smart Pension
    • Standard Life DC Master Trust
    • SuperTrust UK Master Trust
    • TPT Retirement Solutions
    • Welplan Pensions
  • Research
    • ADVISERS
      • Pension provider selection factors
      • Switching
      • Diversification
      • Illiquids
      • ESG
      • Green
      • Digital
      • Consolidation
    • PROVIDERS
      • Master Trusts by number of members
      • Master Trust defaults by assets and number of employers
      • Member charges
      • Employer charges
      • Master trust investment advisers
      • Equity exposure
      • Derisking
      • Asset managers used
  • NEWS
  • MORE
    • About
    • Advertise
    • Contact us
    • Privacy policy
    • Content syndication
    • Terms & Conditions
CAPA
No Result
View All Result

Mattioli Woods recovers £10m for pension clients

20 July 2020
FCA allows advisers to access cash buffers
Share on TwitterShare on FacebookShare on LinkedIn

Mattioli Woods has helped clients recover almost £10m of funds that had been lost to Stadia Trustees. 

The wealth manager and employee benefits adviser had been working with the Financial Services Compensation Scheme to help investors recover these funds.

In 2016 it was appointed by the Financial Conduct Authority to assist with various Sipp schemes which had been operated by Stadia Trustees.

Its role has been to act as the provider of the default scheme for receipt of transfers from Stadia Trustees. As a result around 1,000 clients transferred to Mattioli Woods. The majority of these had exposure to non-standard and potentially high-risk investments — many of which were at that time valued at nil, while others investments had been written off entirely. 

In 2018, Stadia Trustees was placed in default and the FSCS invited clients to claim for compensation for the failed or unsuitable investments, up to the value of £50,000. 

Mattioli Woods offered to assist these clients with their claims, free of charge, and worked with the FSCS to streamline the process to make it as easy as possible for them.

Since January 2018, Mattioli Woods has helped reclaim almost £10 million of funds for these clients who had lost most, if not all, of their retirement funds. The company has submitted over 350 claims to the FSCS and are continuing to assist clients with their claims over the coming months.

Mattioli Woods wealth management director Alex Brown says: ‘As a group, we were proud to have been appointed to help secure the benefits for those clients of Stadia Trustees who had lost almost all of their hard-earned retirement funds. 

“Non-standard investments are only appropriate for either sophisticated investors or high net worth individuals. Unfortunately, most of these clients were neither. To have assisted in helping to reclaim almost £10 million of these lost funds is a huge milestone and one that our clients have shown great appreciation for.”

 

The post Mattioli Woods recovers £10m for pension clients appeared first on Corporate Adviser.

TweetShareShare
Previous Post

General & Medical adds new virtual GP service

Next Post

Government could pocket £100bn from pensioners in proposed RPI changes

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

Category

  • By Provider
  • News
  • Not for search
  • Provider page archive
  • Uncategorized
  • video
CAPA data

© 2019 Definite Article Media Limited. Design by Bedazzled Media Limited.

  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

Follow us

No Result
View All Result
  • About
  • Advertise
  • Contact us
  • Privacy policy
  • Syndication

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.AcceptReject Read More
Privacy & Cookies Policy
Necessary
Always Enabled