Birmingham adviser firm goes into default following store pods SIPP advice

Entered administration 30 December

Hannah Godfrey
clock • 1 min read

Birmingham-based adviser firm Anthony Feeney Financial Services has entered administration following a number of pension and investment claims made against it.

The firm entered administration on 30 December 2019. Any upheld claims made against it will now fall onto the shoulders of the Financial Services Compensation Scheme (FSCS).  The lifeboat fund told PA it has received 45 claims against the firm so far. Two have been successful, with £82,500 paid in compensation, while one was unsuccessful, leaving 43 claims in progress.  Earlier this year Professional Adviser revealed Liverpool-based law firm Smooth Commercial Law were working with around 20 clients of Anthony Feeney FS. Most of the cases were, at the time, headed towards a Financia...

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 Regulation

Is financial services regulation really the 'boot on the neck' of business?

Is financial services regulation really the 'boot on the neck' of business?

'For those yet to fully embrace Consumer Duty it is simply wishful thinking'

Andrew Gething
clock 19 September 2025 • 5 min read
FCA considers softer SDR rules for index-tracking funds

FCA considers softer SDR rules for index-tracking funds

Amid ‘challenging’ requirements

Cristian Angeloni
clock 16 September 2025 • 1 min read
FCA: Consumer investment product disclosure system 'not working'

FCA: Consumer investment product disclosure system 'not working'

FCA rules are expected in late 2025

Michael Nelson
clock 11 September 2025 • 2 min read