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Stadia launches Sipp investment directory

Stadia launches Sipp investment directory

Sipp provider Stadia Trustees has launched a directory of investments it has deemed suitable for Sipps and Qualifying Recognised Overseas Pensions Schemes (Qrops).

SippWise will list Sipp-able investments alongside a panel of approved advisers which have demonstrated an understanding of HM Revenue and Customs permitted investments for Sipps.

To appear on the panel IFAs will have to complete online training. Stadia managing director Tony Hales said he recognised the need to match investors with advisers as high volumes of business were coming from introducers.

‘Introducers have realised there’s money to be made from people with pensions schemes,’ said Hales. ‘We are putting controls in place to try and ensure customers from introducers are given the best opportunity to contact an IFA.’

According to Stadia the list will include esoteric investments such as farmland, oil and a football fund.

Colchester-based Stadia, which has a heavy weighting in unregulated collective investment schemes (Ucis) and overseas investments, is one of eight Sipp providers to be visited by the Financial Services Authority (FSA) as part of a focus on smaller providers.

Hales said: ‘I’m not afraid of what the FSA finds. What I feel confident about is, if they question things, we have a process in place to refer them to.’

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