Copia Wealth Management Limited

Did you receive advice from Copia Wealth Management Limited? If so, you may want to check if you should claim compensation for mis-sold pension advice.

Copia Wealth Management Limited was an Independent Financial Advice firm based in Manchester.

Established in 2013, they also traded under the names Absolute Isa, Alpha Isa and Westway Isa up until April 2019.

Copia Wealth Management Limited was placed into liquidation September 2020.

The FCSC declared them “failed” in January 2021 and according to reports in April, nearly 150 claims have already been made against the firm. These relate to SIPPs, investments, pension transfers and other pension advice.

Unsuitable Pension Advice Claims and Copia Wealth Management Limited

The Financial Ombudsman Service upheld several unsuitable pension advice claims against Copia Wealth Management in 2020. These complaints were about the pension transfer and investment advice Copia Wealth Management had given their clients, which the FOS judged unsuitable.

Copia Wealth Management Limited and What is unsuitable advice?

Unsuitable advice in this context is when the recommendation regarding your pension or investment did not match your needs or circumstances, and/or was conducted in a way that broke the rules which regulated companies must follow.

Pension transfer advice and mis-selling

Pension transfers are a common factor in mis-sold pension advice. Many mis-selling cases involve a recommendation to move to a SIPP which often contains unsuitable high-risk investments.

The FCA issued guidelines for advising on pension transfers (COBS 19.1.6) which says…

“When advising a retail client who is, or is eligible to be, a member of a defined benefits occupational pension …a firm should start by assuming that a transfer, conversion or opt-out will not be suitable. A firm should only then consider a transfer, conversion or opt-out to be suitable if it can clearly demonstrate, on contemporary evidence, that the transfer, conversion or opt-out is in the client’s best interests.”

Sadly, despite this guidance, people are continually receiving bad advice regarding their pensions and investments.  As a result, losing thousands of pounds from their retirement pots.

If a regulated firm or adviser has given you bad advice regarding your pension, you may be able to claim compensation.

Want to know more about mis-sold pension advice?

If you are concerned about the advice you received and want to check if it may have been unsuitable (mis-sold) we offer a free initial consultation.

Whilst each case is individual, as mis-selling specialists, we know to look for certain signs that in our experience indicate that mis-selling may have happened.

Our assessment is free, and there’s absolutely no obligation to use our service if you have a case.

See what our clients have to say about our service on Trustpilot.

Key Facts

Almost 150 claims have reportedly been made against Copia Wealth Management Limited, relating to SIPPs, investments, pension transfers and other pension advice.
Copia Wealth Management Limited also traded under the names Absolute Isa, Alpha Isa and Westway Isa

We win more than 9 out of 10 claims

The cost of our service is 15% + VAT on the total monies awarded for a successful claim. Our cost is also priced capped at one of the lowest rates.

Rodders Hewitt
Pension Claim Consulting Ltd ...have for me done a great job ...within the expected time scale ...Couldn't have asked for more
Phil C
Thank you to all at PCC. My claim was managed brilliantly and was successful. I can highly recommended their services. Thank you once again
Christopher Fraser
After identifying a concern regarding my pension, I sought advice from Pension Claim Consulting. The response and customer service was swift and amazing. The courtesy and care taken throughout the whole process was phenomenal. The consultant’s communication from start to finish filled me with confidence that PCC do exactly what they state and were on hand whenever required. The level of understanding, empathy for the frustrations, and patience is by far the best I’ve witnessed. I cannot thank PCC enough for their outstanding work ethic and dedication to customers/clients. If you have any concerns at all regarding your pension, then I would highly recommend that you get in touch with them.
Andy Yates
Fantastic service, so impressed with Pension Claims Consulting. None stop updates throughout and everyone who works there was so helpful and supportive in every way. Thank you so much for getting my pension back.
Robert Manningham
Pension Claim Consulting Ltd successfully won a case on my behalf following misguided advice I received in relation to my pension. They were most proactive in the process and kept me fully informed every step of the way. I have no hesitation in recommending their services.
Deanamo 84
Very professional, very thorough and very good at what they do. Always at the end of the phone or email for any questions at anytime throughout the process. I can’t recommend them enough.
Roger King
Pension Claim Consulting managed to reclaim some of my pension by constantly chasing the company that fraudulently took my money. I though that I had lost everything. I cannot thank them enough on recovering some of my pension back.
Susan Stringer
Excellent standard of service. The claim was protracted substantially by virtue of opponents trying hard to not accept any responsibility for their actions and not return the pension fund. PCC kept me fully informed throughout the process, obtained an excellent result for me.They also kept chasing the opponent when little action was taking place from them. The staff were always pleasant and helpful to deal with and very encouraging when I felt my claim was doomed to failure. I can not praise highly enough
Paul Wilshaw
Very professional and informative from the beginning of our 5 year relationship. They talked me through every step of the process with what to expect. I would recommend Pension Claim Consulting to anyone who wants an honest and professional service.
Bill Cass
Great team and they will get the best outcome they can always kept informed the process took a longtime not because of anything pension claims consulting did purely the pension sip provider playing games i would 110% recommend this company to pursue your claim without doubt best thing i have done they didn't give up on my claim even though I had given up on any good outcome however finally resolved and paid thank you pension claim consulting
Important Information!

You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.

It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.