Lawyers representing Arch Financial Products (AFP) chief executive Robin Farrell and former compliance manager Robert Addison have cited the pair's possible inexperience in running a fast-growing organisation - not a lack of integrity - for some of the...
The Financial Ombudsman Service (FOS) has rejected five out of 43 claims at decision stage against advice to invest in Arch Cru since it started publishing complaints decisions last April, its data has shown.
Arch Financial Products' chief executive Robin Farrell has accused the funds' new manager of giving misleading statements in court.
Financial advisers are expected to fork out £31.5m in compensation to clients who invested in the CF Arch cru Investment and Diversified funds (Arch cru) and were found to have received unsuitable advice.
Arch Financial Products' chief executive Robin Farrell and compliance director Robert Addison have hit back at allegations they lied in court, saying these were false and unfair.
Arch Financial Products chief executive Robin Farrell and compliance director Robert Addison have today been accused of giving inconsistent evidence, lying and distorting the facts during their High Court battle.
Guy Opperman, Conservative MP for Hexam and secretary of the All Party Parliamentary Group on Arch cru, is "reluctantly" urging his constituents who lost money in the scandal to accept the compensation deal put forward by Capita.
Investors in the failed Arch cru funds have called for SPL Private Finance to drop its lawsuit against Arch Financial Products and its chief executive Robin Farrell, saying it would "only damage what remains of their investments if unsuccessful".
The trial of Arch Financial Products and its chief executive Robin Farrell has been postponed until next month.
Arch Cru's new fund manager John Davey has heavily contested there was a 'fire sale' of Guernsey cells' portfolios that could have lost investors money following his firm's takeover of the investment management mandate in 2009.