Copia Wealth Management has been declared in default by the Financial Services Compensation Scheme (FSCS) and has 149 complaints against it, mostly relating to pension advice and self-invested personal pensions.
Copia WM, which has no relation to the discretionary fund manager owned by adviser platform Novia Financial, officially entered liquidation on 10 September last year, according to a note on the Financial Conduct Authority (FCA) register. At the time the firm's register entry did not list any permission restrictions. According to the FSCS, the firm then went into Creditors' Voluntary Liquidation on 5 October last year, and was declared in default by the scheme this week. The FSCS said it had received 149 complaints against Copia WM so far relating to self-invested personal pensions (SI...
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