COPIA WEALTH MANAGEMENT – Liquidated 6th January 2021
Copia Wealth Management is now in liquidation due to pension mis-selling claims brought against them.
After an investigation, The Financial Ombudsman Service found that Copia Wealth Management had given a client unsuitable advice regarding the transfer of their pension. The firm was advising clients to transfer their pension to a SIPP and then to put their money in high-risk investments. Many clients lost money as a result.
Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.
Company background (public record)
The company was incorporated at Companies House on 24 July 2013 under company number 08622510. Its status at Companies House is recorded as dissolved.
Registered office: The Copper Room Deva City Office Park, Trinity Way, Manchester, M3 7BG.
Nature of business (SIC): 70221.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 24 Jul 2013 | Company incorporated | Companies House |
| 24 Jul 2013 | Daniel Paterson appointed director | Companies House |
| 24 Jul 2013 | Floyd Anthony Paterson appointed director | Companies House |
| 02 Dec 2013 | Floyd Anthony Paterson approved by the FCA at the firm | FCA Register |
| 02 Dec 2013 | Daniel Floyd Paterson approved by the FCA at the firm | FCA Register |
| 06 May 2014 | The Pension Guys Ltd appointed as appointed representative | FCA Register |
| 14 May 2014 | Lee Darren Gleave approved by the FCA at the firm | FCA Register |
| 12 Mar 2015 | The Pension Guys Ltd ceased as appointed representative | FCA Register |
| 07 May 2015 | Paula Michelle Reeves approved by the FCA at the firm | FCA Register |
| 21 Aug 2015 | Hayden James approved by the FCA at the firm | FCA Register |
| 11 Mar 2016 | Mark Scott approved by the FCA at the firm | FCA Register |
| 21 Sep 2018 | Benjamin Stephen Frederick Marsland approved by the FCA at the firm | FCA Register |
| 17 Sep 2019 | Daniel Paterson resigned as director | Companies House |
| 24 Aug 2020 | Company wound up (creditors’ voluntary liquidation) | Companies House |
| 24 Aug 2020 | Insolvency practitioner appointed: Alex Kachani | Companies House |
| 06 Jan 2021 | Declared in default by the FSCS | FSCS |
| 24 Jan 2023 | FSCS update: FSCS has received claims in relation to Copia’s activities as ISA manager and its role in arranging customers’ investmen… | FSCS |
| 07 Feb 2024 | Floyd Anthony Paterson resigned as director | Companies House |
| 08 Mar 2024 | FSCS update: We’re now in the final stages of our investigation into Copia’s activities as ISA Manager and its role in arranging cust… | FSCS |
| 24 May 2024 | FSCS update: We’ve finished our investigation into Copia’s activities as ISA Manager and its role in arranging customers’ investments | FSCS |
| 23 Jun 2024 | Company dissolved | Companies House |
| 23 Jun 2024 | Company due to be dissolved (creditors’ voluntary liquidation) | Companies House |
| 23 Jun 2024 | FCA status recorded as: No longer authorised | FCA Register |
Who was involved?
The following individuals are listed on public records in connection with the firm. These are matters of public record only and their inclusion does not imply any wrongdoing by any named person.
- Floyd Anthony Paterson. Listed on the FCA Register as having held CF30 Customer (02/12/2013 to 08/12/2019), CF11 Money Laundering Reporting (02/12/2013 to 08/12/2019), CF10 Compliance Oversight (02/12/2013 to 08/12/2019), CF1 Director (02/12/2013 to 08/12/2019) at the firm.
- Lee Darren Gleave. Listed on the FCA Register as having held CF30 Customer (14/05/2014 to 06/09/2016) at the firm.
- Benjamin Stephen Frederick Marsland. Listed on the FCA Register as having held CF30 Customer (21/09/2018 to 08/12/2019) at the firm.
- Mark Scott. Listed on the FCA Register as having held CF30 Customer (11/03/2016 to 25/03/2019) at the firm.
- Daniel Floyd Paterson. Listed on the FCA Register as having held CF30 Customer (02/12/2013 to 08/12/2019), CF1 Director (02/12/2013 to 10/07/2019) at the firm.
- Paula Michelle Reeves. Listed on the FCA Register as having held CF30 Customer (07/05/2015 to 16/12/2016) at the firm.
- Hayden James. Listed on the FCA Register as having held CF30 Customer (21/08/2015 to 08/12/2019) at the firm.
- Daniel Paterson. Listed at Companies House as director (appointed 2013-07-24, resigned 2019-09-17).
Appointed Representatives and Agents
While it was authorised, the firm acted as principal for the following appointed representatives. An appointed representative carries on regulated business under the responsibility of its principal, so their conduct can be relevant to a claim.
| Appointed representative | Reference | Effective from | Ended |
|---|---|---|---|
| The Pension Guys Ltd | FRN 622710 | 06/05/2014 | 12/03/2015 |
Review page sources: FCA Register (FRN 605906) · Companies House (08622510) · FSCS. Public records, provided for transparency.
