Capita makes individual offers to Arch Cru investors

Capita Financial Managers has today sent a further letter to investors who lost money in the Arch Cru fund range to set out their individual entitlements under a £54m payment scheme.

Capita, the authorised corporate director of the fund range, and depositories HSBC and BNY Mellon, have each contributed unknown amounts to the FSA-brokered scheme, announced on 21 June. Investors have until December 2012 to choose whether to accept their individual offer. Those who accept the offer made to them will receive payment within six weeks of receipt by Capita of a correctly completed application. Recipients must agree the payment is in full and final settlement of any claims they may consider they would otherwise have against the firms. Arch Cru investors are unhappy ...