FOS-plagued Copia WM enters liquidation

Four published FOS decisions

Hannah Godfrey
clock • 1 min read

Manchester-based Copia Wealth Management has entered liquidation following a several complaints at the Financial Ombudsman Service (FOS).

According to the Financial Conduct Authority (FCA), the firm's director Floyd Paterson has appointed Crawford Accountants in Manchester as liquidator. Copia officially entered liquidation on Thursday (10 September), according to a note on the FCA register. The firm's register entry did not list any permission restrictions. The firm ran into trouble at the FOS when it transferred a client's defined benefit (DB) person into a self-invested personal pension (SIPP). The FOS ruled the transfer was not in the client's best interest, however, Copia WM never got back to the complainant or the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Paraplanners' confidence holding back progression

Paraplanners' confidence holding back progression

Aspiration and confidence gap over future career paths, SOTAN report finds

Isabel Baxter
clock 05 February 2026 • 3 min read
Advisory businesses must 'step up' to attract and retain new blood

Advisory businesses must 'step up' to attract and retain new blood

Clearer pathway to profession needed

Jenna Brown
clock 04 February 2026 • 3 min read
Advice buy-side models have 'clear conflict of interest'

Advice buy-side models have 'clear conflict of interest'

SBG’s Cherrington on common pitfalls and a valuations ‘peak’

Isabel Baxter
clock 04 February 2026 • 5 min read