Follow the links to news stories from Copia Capital and press articles about us.
For further information on any of the items below or new press enquiries please contact [email protected]
DFM Agreements: Agent as Client or Agent of Client?
24th October 2024
Tony Hicks talks about about the benefits of co-manufacturing as a way to de-risk your investment management proposition. Both types of arrangements work for advisers and clients, but there are clear differences between the two. The choice has implications on the disclosure of client information required under the Consumer Duty rules and the responsibilities of the adviser firm, so it is important to have a robust agreement in place that clearly sets out the responsibilities of each party.
Download the full press article here. Additionally, you can read more about the ‘co-manufacturing’ debate in this Citywire article.
11th September 2024
Investment success sits at the heart of financial planning to help clients meet their long-term objectives. However, the increasing regulatory burden created first by MIFID II and now with Consumer Duty has made managing investments in-house increasingly complex.
Since the introduction of MiFID II, switching funds and rebalancing portfolios can create significant work for firms, especially for those operating under advisory permissions, with the need to obtain client permissions as well as meet the disclosure and suitability requirements. Consumer Duty’s rules on avoiding foreseeable harms and ensuring all trades and activities are likely to represent fair value have raised the bar even higher, increasing time spent on admin. Our research earlier this year into Centralised Investment Propositions found that on average firms are spending 81 days managing their CIP, up from 71 days in 2022.
Read the full article here.
Copia signs up to Mabel Insights MPS comparison site
8th August 2024
Copia Capital Management [Copia] have been added as a reporting partner at model portfolio service
(MPS) and multi-asset fund comparison site Mabel Insights.
Robert Vaudry, Managing Director of Copia, said, “Amid increasing regulatory demands and market
challenges, Copia is committed to supporting advisers every step of the way. We’re excited to now be
working in partnership with Mabel to provide accessible MPS data to allow easy solution comparisons.
This will allow advisers to make well-informed recommendations using the accurate and unbiased data
it offers.”
Download the full press release here.
Copia introduces new ‘on platform’ solution as an alternative to cash savings and bank deposits
1st August 2024
Copia Capital Management [Copia] has launched its new Select: Money Markets Portfolio, offering advisers an attractive, cash-equivalent alternative to traditional cash savings and bank deposits.
The new portfolio invests in a diversified, blended range of institutional Money Market funds, which in turn invest across various Money Market instruments and geographies. The portfolio is fully liquid, allowing daily transactions, both in or out, and the underlying funds offer competitive rates, without the downside of lock-in periods. The portfolio currently yields 5.3% gross, and OCF, transaction costs and the DFM fee are just 20bp in total, giving a net yield of 5.1%.
Download the full press release here. You can read coverage of this in IFA Magazine.
26th July 2024
Will sticking with the same CIP approach work under Consumer Duty?
Copia’s MD Robert Vaudry writes for Professional Adviser about the impact of Consumer Duty. Our recent research found that, partly as a result of the new regulation, on average IFA firms now estimate they spend 81 days per year managing their CIPs, a ten-day increase from our previous research in 2022..
Download the full article here.
26th July 2024
Consumer Duty’s Biggest win one year on
Reflecting on a year of Consumer Duty: from regulatory grumpiness to reinvigorated professionalism. Discover the impact on providers, advisers, and clients.
Download the full article here.
18th June 2024
Only 2% of advisers confident in their retirement strategy, finds Wealthtime and Copia
Three quarters (75%) of financial advisers are reviewing their retirement approach following the FCA’s thematic review of retirement income advice
A poll of financial advisers by Wealthtime and Copia Capital [Copia] revealed that just 2% are confident that their retirement proposition does not need to change following the publication of the Financial Conduct Authority (FCA)’s thematic review of retirement income advice. It found that almost half (48%) have already started a review, while a quarter (27%) are planning to do so soon. A quarter (23%) were not sure yet if they needed to review their current strategy.
Download the full press release here. You can read coverage of this in FT Adviser and Professional Adviser.
13th June 2024
CIP admin burden increases by 10 days in two years, driving surge in outsourcing, finds Copia
Financial advice firms outsourcing to an external investment manager spend less than a quarter of the time on CIP operations than those running investments in-house.
New research from Copia Capital [Copia], conducted exclusively by the lang cat, reveals that a third (36%) of UK financial advice firms have seen the admin burden of their Centralised Investment Propositions (CIP) increase over the last year. On average, firms estimate they now spend 81 days annually managing their CIP, up from 71 days in 2022. This increased admin is driving a surge in outsourcing, with more than half (55%) of advice firms now outsourcing CIP management, and just 34% running models in-house, compared to 38% and 51% respectively two years ago.
Read the full press release here and download the report here.
16th May 2024
Copia shortlisted for Content Marketing Campaign of the Year
We’re delighted to have been shortlisted in the Content Marketing Campaign of the Year category at the Investment Week Investment Marketing and Innovation Awards 2024, for our Consumer Duty Toolkit.
14th May 2024
Copia shortlisted for Best Outsourced Investment Manager
We’re delighted to have been shortlisted for Best outsourced investment manager at the Money Marketing 2024 Awards. Congratulations to all of those who made the shortlists!
Advisers ‘complacent’ on decumulation approach in light of thematic review, finds Copia
Just one in five advice firms plan to change their investment approach for clients in retirement. That’s one of the findings from our new research ‘Rethinking Retirement: Changing Gear?’ published in conjunction with the land cat.
The report looks at how the advice sector designs retirement plans and questions whether these methods must adapt to meet the regulatory demands of Consumer Duty and the Financial Conduct Authority’s recent thematic review.
Read the full press release here. You can read coverage of this story here.
20th March 2024
Advisers need to consider different approaches to retirement income in light of FCA review, say Copia and Wealthtime
Following the FCA report on retirement income advice, Robert
Vaudry, Head of Commercial at Wealthtime, argues that advisers should consider
different investment approaches for clients in decumulation to mitigate some of
the specific risks faced.
He says: “The FCA’s report highlights some poor practices in terms
of the approach many advice firms are taking to retirement income. In several
areas, firms are failing to take account of the different needs of customers in
decumulation, as opposed to accumulation. And more work needs to be done to
embed Consumer Duty best practice, as it warns that most firms would not comply
with some of the requirements of the regulation without taking appropriate
action to address concerns raised.
Read the full press release here.
7th March 2024
Robert Vaudry writes on the importance of flexibility in retirement planning
Robert Vaudry, Copia Capital Management’s Managing Director, writes in the Wealthtime’s newsletter on why it is important to remain flexible when planning for retirement.
Read the full article here.
7th March 2024
Copia teams up with Wealthtime to run Rethinking Retirement Roadshows
We’re gearing up to get our experts back on the road from 16 April for a series of half day events to talk through the thematic review’s findings and what it means for you and your clients. These events are a joint effort from our teams at Copia and Wealthtime. CPD-accredited and led by experts from across the industry, they’ll cover the impact of the FCA’s review on retirement planning now and in the years to come.
Attendees at the event will also receive an exclusive preview of the latest findings from our ongoing research in partnership with the lang cat. It’ll delve into the current retirement strategies employed by firms and explore the reasons why advisers may need to reassess to provide the best outcomes for clients approaching and in retirement.
Sign up to a roadshow near you!
1 February 2024
Copia Select Accumulation Portfolios awarded a 5 Diamond Defaqto rating
We are delighted to announce that the Select Accumulation range of portfolios have been given a 5 Diamond rating after close scrutiny by Defaqto.
Receiving a 5 Diamond Defaqto rating confirms that our range of Select Accumulation Portfolios offers a good proposition relative to the peer group across charges, performance, risk shape and other features.
23 January 2024
Richard Warne, Senior Portfolio Manager, looks at what lies ahead in 2024.
Richard Warne reflects on the market challenges seen in the last 12 months while he also takes a look at what lies ahead for markets during 2024.
Read more here.
10 January 2024
Robert Vaudry writes on the future of decumulation advice
Copia MD Robert Vaudry writes in the Wealthtime newsletter on what lies ahead for decumulation advice in anticipation of results from the FCA thematic review on retirement income advice.
Read more here.
29 November 2023
Natalie Wallace Highly Commended in Portfolio Adviser Wealth Partnership Awards
Copia Investment Analyst Natalie Wallace has been Highly Commended in the Rising Star (Individual) category by the Portfolio Adviser Wealth Partnership Awards 2023.
Now in their fourth year, the Wealth Partnership Awards are designed by Portfolio Adviser to recognise and reward excellence across key elements of the UK’s wealth and asset management businesses – including, crucially, where the two sectors work together in partnership for the benefit of end-investors.
Read more.
14 November 2023
Copia publishes the Q3 Market Review from Senior Portfolio Manager Richard Warne
Copia has released its Q3 market review carried out by Senior Portfolio Manager Richard Warne. The review focused on the major macro concerns that are shaping markets and particularly focused on fixed income, the UK market and Infrastructure.
Read the full market review here.
14 November 2023
Copia Select Accumulation range rated by EV and Defaqto
Copia is pleased to reveal that our suite of five Select Accumulation portfolios have been rated by EV and Defaqto against their methodologies. The independent assessments should allow advisers to easily match portfolio to client’s needs.
Read more about the new ratings here.
31 October 2023
Joanne Benson and Richard Warne announced in Citywire Wealth Manager’s Top 100 List
Head of Investments Joanne Benson and Senior Portfolio Manager Richard Warne have been named as two of the UK’s top fund selectors after they were included in in Citywire Wealth Manager’s top 100 list .
Read more here.
22 September 2023
Robert Vaudry writes on what it means to be a co-manufacturer
Copia MD, Robert Vaudry, writes on what roles firms need to be taking to ensure they are compliant with the new Consumer Duty regulations that came into force on July 31.
Read more here.
30 August 2023
Robert Vaudry writes in Money Marketing on what remains to be done for consumer duty
Copia MD, Robert Vaudry, writes for money marketing on what is still left to do for consumer duty even with the July 31 deadline having passed.
The missing piece of the Consumer Duty jigsaw | Money Marketing
16 August 2023
Richard Warne quoted in Citywire on infrastructure funds
Richard Warne, Senior Portfolio Manager, tells the publication that “it has been a challenging environment for both Reits and infrastructure” over the last nine months while he also shares views on where opportunities remain within the infrastructure fund space.
11 August 2023
New strategies for decumulation
Copia’s Tony Hicks explores current opportunities to create innovative investment portfolios using guaranteed income in this article for Professional Adviser.
31 July 2023
Copia launches range of Retirement Income portfolios to provide greater
choice for investors in decumulation
Copia Capital Management [Copia] has launched the Copia Select: Retirement Income portfolios, to provide greater choice for investors in decumulation. Comprising five risk-rated portfolios, the new range is designed to address the key decumulation risks, recognising that those taking an income from their investments face very different risks to those still building their wealth.
The Retirement Income range is the second set of decumulation-specific portfolios launched by Copia this year. It follows the introduction of the Retirement Income Plus portfolios in May, which use annuities as an asset class to provide greater certainty of outcome in retirement.
Read the full press report here.
You can also read news coverage of this story in IFA Magazine, International Adviser and Money Marketing.
25 July 2023
Joanne Benson shortlisted for Women in Financial Advice Awards
Copia is delighted that our Head of Investments, Joanne Benson, has been shortlisted for the award for ‘Woman of the Year – Investment’ by the Women in Financial Advice Awards 2023. The results will be announced in November.
Read more here.
5 July 2023
Novia Group execs aim to raise £25,000 taking on Three Peaks Challenge
Five senior executives from Novia Group are aiming to raise £25,000 for charity by taking on the National Three Peaks Challenge later this month.
Patrick Mill, CEO, Vicki Baker, Chief People Officer, Tom Dudley, Chief Risk Officer, Lucy Bristow, Chief Customer Officer, and Robert Vaudry, Managing Director Copia Capital Management and the Chair of the Novia Foundation will start the 23-mile climb on 29 July. Considered one of Britain’s toughest outdoor challenges, the event involves climbing Ben Nevis, Scafell Pike and Snowdon – the three highest peaks in Scotland, England and Wales – all within 24 hours.
Read the full press release here.
You can also read news coverage of this story in IFA Magazine and Bath Business News.
26 May 2023
Half advisers believe FCA should recommend different investment approaches for decumulation and accumulation, finds Copia
A poll of advisers by Copia Capital Management [Copia] reveals that more than half (52%) believe the Financial Conduct Authority’s thematic review of retirement income advice should recommend that a different investment approach is required for clients in decumulation compared to those in accumulation. Two-fifths (42%) believe the decision is not clear-cut, while just 5% don’t think a different approach should be recommended.
The survey of 84 advisers formed part of a webinar on the new Copia Select Retirement Income Plus (RI+) portfolios.
Read the full press release here.
09 May 2023
Copia launches first decumulation portfolios harnessing guaranteed income as an asset class
Copia Capital Management [Copia] has launched the Copia Select Retirement Income Plus (RI+) portfolios, which use guaranteed income alongside a managed portfolio to increase the opportunity to outperform and provide greater certainty of outcome in retirement without increasing the overall investment risk. The range of five risk-rated portfolios is designed to address the four main decumulation risks: sequencing, longevity, inflation and interest rate, and help advisers meet the new Consumer Duty rule to “avoid causing foreseeable harm”.
Read the full press release here.
You can also read news coverage of this story in IFA Magazine, International Adviser, Professional Adviser, Corporate Adviser and FT Adviser.
19 April 2023
Robert Vaudry quoted in International Adviser on the rise in outsourcing
Copia’s MD tells the publication that “We think Consumer Duty is another nail in the coffin for firms managing portfolios in-house…We know from our adviser research last year that requirements like obtaining client authorisations already make running large, complex centralised investment propositions (CIPs) in-house almost unmanageable.”
Copia MD writes for Professional Adviser on the likely impact of Consumer Duty
Professional Adviser has published this article by Copia MD Robert Vaudry on the implications of the new Consumer Duty regulations for advisers in terms of portfolio management.
What does Consumer Duty mean for portfolio management? (professionaladviser.com)
Robert Vaudry quoted on Investec and Rathbones deal
The Copia Capital managing director is reported as saying that the trends that drove wealth management acquisitions activity is being replicated in the DFM space.
He believes only a DFM company that is a “giant” or a boutique organisation with a niche or unique selling point (USP) can continue to survive.
As Copia has a niche, Vaudry believes the firm will be fine and is surprised it took so long for a new major mergers and acquisitions (M&A) to take place but he “is sure there will be others”.
Rathbones and Investec tie up necessary correction for market, experts say | Money Marketing
Copia shortlisted for Investment Marketing & Innovation Awards
Investment Week has shortlisted Copia for its Investment Marketing & Innovation Awards, in the category for Content Marketing Campaign of the Year.
Copia submitted its entry around its campaign to raise awareness of the issues associated with CIPs, based on its research report: Centralised Investment Propositions: An overheating engine? The awards will be presented on 7 July.
Investment Marketing and Innovation Awards 2023 – 2023 Shortlist (investmentmarketingawards.co.uk)
22 March 2023
Robert Vaudry appointed Chair of the Novia Foundation
Robert Vaudry, Managing Director of Copia Capital Management has been appointed Chair of the Novia Foundation.
The Novia Foundation was established in 2018 by Novia Financial Plc to more efficiently channel its fundraising efforts and growing contribution to the local community. To date, the Foundation has concentrated its support on projects benefiting people in and around the city of Bath, where Novia is headquartered, and in future will extend this focus to also include initiatives benefiting those based in Salisbury and London, reflecting the locations of Wealthtime and Copia within the wider group.
Find out more about the Foundation here: https://www.novia-financial.co.uk/foundation/
You can also read news coverage of this story in Professional Adviser.
Read the full press release.
16 March 2023
Three-quarters of advisers behind on their Consumer Duty implementation, finds Copia Capital
A survey of 74 advisers at a recent Copia Capital Management (Copia) webinar on preparing for Consumer Duty revealed that almost three-quarters are either behind the curve (65%) or haven’t started yet (8%) when asked how ready their firm was for the Consumer Duty regulations.
The webinar coincided with the addition of a guide and template within Copia’s Consumer Duty Toolkit to help advisers complete their target market assessments. The Toolkit, which can be accessed at https://www.copia-capital.co.uk/consumer-duty-toolkit/, is a free online resource for advisers including guides, videos and templates, and new material is being released regularly, in line with the implementation timetable.
Read the full press release.
You can also read news coverage of this story in Money Marketing, FTAdviser and Financial Planning Today.
20 February 2023
Copia shortlisted for three awards
Copia is delighted to have been shortlisted by Citywire Wealth Manager in the Adviser Choice Awards for Value for Money, Most Satisfactory Investment Outcome, and South West & Wales, based on votes from advisers. We’ve also been shortlisted in the Professional Adviser Awards in the Best Model Portfolio Service category, and in the Money Age Wealth & Asset Management Awards for Multi-Asset Manager of the Year.
10 February 2023
Copia launches Consumer Duty Toolkit to help firms navigate additional pressures on portfolio management
Copia Capital Management (Copia) has launched a free online Consumer Duty Toolkit to help advice firms comply with the new legislation and implement it in the most effective manner possible. The Toolkit, which Copia has developed in conjunction with financial services consultancy the lang cat, can be accessed for free at https://www.copia-capital.co.uk/consumer-duty-toolkit/. It includes written guides, videos, templates and webinars, with additional material being released in line with the implementation timetable.
Read the full press release.
You can also read news coverage of this story in Professional Adviser and International Adviser.
23 January 2023
Copia recognised for the first time in FT Adviser Service Award with Four Stars
2 November 2022
Copia launches short duration bond portfolio to draw on ‘attractive’ yields and meet adviser demand
Copia Capital Management (Copia) has launched a short duration bond portfolio, which consists purely of short duration bonds, to take advantage of the current market conditions and meet adviser and investor demand for a low risk, attractive yield alternative to cash.
28 October 2022
‘Tough decisions’ need to be made on spending and taxation to get UK on sustainable financial footing, says Lib Dem spokesperson Sarah Olney MP
Pensions and benefits should be increased in line with inflation in Monday’s medium-term fiscal plan to help the lowest paid manage soaring living costs, while “tough decisions” need to be made over spending and taxation, argues Sarah Olney MP, Liberal Democrat spokesperson on Treasury, Business and Industrial Strategy.
27 October 2022
Copia Capital expands sales team as demand for Custom portfolio service continues to grow
Discretionary Fund Manager Copia Capital Management [Copia], continues to see strong growth in its premium portfolio service, with the number of clients using MPS Custom increasing by 64% since the start of 2022.
22 October 2022
PFS Festival of Financial Planning – 1 – 2 November, NEC Birmingham
We’re excited to be exhibiting at the Festival of Financial Planning on 1st and 2nd November at the NEC. We have some fun and challenging entertainment planned for visitors (as well as being delighted to talk about our investment solutions of course) so come and see us on Stand E1 and meet the team. Find out more and register here.
21 October 2022
Copia Head of Investments in Citywire Top 100
Joanne Benson, Head of Investments at Copia Capital Management has been named one of the UK’s 100 most influential fund selectors of 2022 by Citywire Wealth Manager. The annual list is compiled through in-depth, quantitative research and includes not just those who control the most assets, but also those who are reshaping the industry. Find out more about Joanne’s experience.
29 September 2022
Firms most concerned about loss of control and cost when outsourcing their CIP, finds Copia Capital
New research by Copia Capital Management finds that advisers’ biggest worries about outsourcing their Centralised Investment Proposition (CIP) are loss of control and cost. Read the full story here as well as coverage in Professional Adviser, IFA Magazine and International Adviser.
25 July 2022
Fund launches falter
Our Head of Investments, Joanne Benson, comments in Portfolio Adviser on why fears of a tepid reception is seeing fund launches falter. Read the full article here.
25 July 2022
What are the benefits of outsourcing to a DFM?
Our MD Robert Vaudry comments to FT Adviser on the pros and cons of outsourcing to a DFM in this article which also cites the findings of our recent research ‘The Centralised Investment Proposition: an overheating engine?’. Read the full article here.
7 July 2022
Futureproofing CIPs for success
In this article for Professional Adviser, Copia MD Robert Vaudry outlines his pointers for CIP effectiveness and efficiency and urges firms to ‘get their house in order’. Read the full article here.
6th July 2022
Copia Capital wins five new MPS Custom clients
Copia today announced that it has signed five new advice firms to its premium portfolio service, MPS Custom. The new clients are Hertfordshire-based Fixmypension.com, West Yorkshire’s Symphony Financial Advisers, Milne Craig near Glasgow and Watt Money and Informed IFA, both in Berkshire. Read the full press release here and you can read media coverage of the story in New Model Adviser, Wealth Manager, Money Marketing, Professional Adviser and Britain News Time.
8th June 2022
Copia Capital appoints Craig Berry as Sales Manager for the North
Read the press release above and see coverage of his appointment in Portfolio Adviser
24th May 2022
Financial services key to UK economic recovery, says Tulip Siddiq MP at Copia webinar
Reforming some “overly prescriptive” EU regulations is crucial to helping the UK financial services sector thrive and to fuelling the UK economic recovery, said Tulip Siddiq, Shadow Economic Secretary to the Treasury, speaking at our recent webinar. The Labour MP for Hampstead and Kilburn was speaking with Robert Vaudry and Jo Benson from Copia on the prospects for the UK economy and for the City, as well as sharing insights into Labour’s economic strategy. You can watch a recording of the webinar here and read our press release here, as well as media coverage of the event in FT Adviser, Money Marketing and IFA Magazine.
6th May 2022
IFA Magazine reports on the ‘in-depth research conducted by the lang cat on behalf of Copia’ which finds that CIPs are increasingly becoming a victim of their own success, and showing that the average IFA firm spends 71 days a year running their CIP.
6th May 2022
FT Adviser reports on our research with the lang cat, saying “CIPs are ‘becoming a victim of their own success’”
6th May 2022
Professional Adviser reports on Copia’s research with the lang cat, saying our research shows that “CIPs are in danger of ‘overheating,’ and outsourcing helps significantly”.
6th May 2022
Press coverage in Money Marketing for Copia’s new research with the lang cat, showing CIPs are in danger of ‘overheating’
5th May 2022
Advice firms spend 71 days per year operating their CIP, finds Copia Capital
Copia has published new research carried out in conjunction with the lang cat which shows that the majority of firms think that their CIPs are in danger of overheating and will soon reach a tipping point where they become unworkable. The research also looks at how outsourcing portfolio management can help reduce the administrative burden of CIP management.
13th April 2022
Copia are proud to have sponsored the ESG and Sustainable MPS Report produced by ESG Accord. The report has been designed for functionality and it helps advisers match the most appropriate MPS to their client’s ESG & Sustainability objectives and preferences.
25th March 2022
Copia is delighted to have been selected as one of five ‘Partners in Professionalism’ by the Personal Finance Society for its summer series of 25 regional conferences.
24th March 2022
Copia’s MD Robert Vaudry writes for FT Adviser on ‘Why the DFM market has become so competitive’ and what advisers should be considering when they choose a DFM.
15th February 2022
Corporate Vision Magazine names Copia’s Robert Vaudry as ‘most outstanding leader in investment management 2022 – UK’.
3rd February 2022
25th January 2022
Copia moves to new London offices to support growth »
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