Griffins appointed to Stadia Trustees Limited
Stephen Hunt of Griffins has been appointed Liquidator to investigate the causes of the insolvency of Stadia. The Financial Services Compensation Scheme (FSCS) estimates that claims against the collapsed SIPP provider Stadia Trustees could be as high as £41 million.
A Financial Services Authority inspection in 2011 highlighted problems at Stadia that eventually caused the company to close down in 2013.
Many of the investors will already have received compensation or are part of action groups contactable online.