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

1
Almost 150 claims have reportedly been made against Copia Wealth Management Limited, relating to SIPPs, investments, pension transfers and other pension advice.
2
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.

Robert Pemberton
2022-04-11
Antony Stroud
2022-04-08
Excellent company, would definitely use again, they never gave up
Junior Geener
2022-03-20
always kept you informed has to what was going on .I'd recommend pension claim to anybody
Ian Gaynor
2022-03-14
A thoroughly positive result and experience. In all honesty I didn't have much hope of any success following a truly dodgy pension investment. I spent years angry at myself then decided to let these guys have a go on my behalf. It took hardy any effort on my part and they kept me fully informed, then out of the blue I got a call saying they have won all my pension back plus more and within days it hit my account. Thrilled with their effort and professionalism. I dealt with a few different staff and all were informative, polite and helpful. I great end to a terrible situation. 100% genuine review and I cannot recommend them enough. Thank you.
Grace Anderson
2022-03-11
Pension Claim Consulting were a Godsend. I was told about them by a friend who had also invested in a pension. They kept me informed on the progress of my claim with regular updates and answered my queries with patience and professionalism. There percentage for on behalf was also lower than expected. I can't thank them enough
adrian buck
2022-03-10
Keith Wilkins
2022-03-09
Very thorough and achieved the goal regarding compensation in full. Took a while but was worth the wait
Mark Holmes
2022-03-08
Excellent service. Great result.
michael dixon
2022-03-08
I was approached by Pension Claim Consulting after the company that was handle ing my SIPP had been investigated by the Financial Ombudsmen and informed me i had a case, with this information given to me i agreed to let them represent me in trying to reclaim my investment. All through the process i was informed of every step and on a regular basis even though it took many months the outcome was successful and i was reimbursed fully. This is a fantastic company to work with and dedicated staff who know their business. Many Thanks. Mike Dixon.
Roderick Turnbull
2022-03-08
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.