Arch Cru: When (and why) advice claims are rejected by the FOS

clock • 4 min read

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.

The rejected claims were all dated between July and December last year. They involved two claims against Charles Stanley Financial Solutions (previously Griffiths & Armour Financial Services), and one each against Positive Solutions, Origen and The Whitechurch Network. Ombudsman decisions are only published once they have reached the decision stage, after one of the participants challenges the adjudicator's first ruling. Here is why the FOS found in favour of the firm in these five cases. The Whitechurch Network An investor said her adviser - an appointed representative of The...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: Active Management Can Unlock Hidden Yield

Partner Insight: Active Management Can Unlock Hidden Yield

Active managers can exploit opportunities created by passive trading and extract further yield from the market, say Fidelity’s Kris Atkinson and Shamil Gohil.

Sarka Halas
clock 29 April 2024 • 5 min read
Stories of the Week: FCA eyes extension of SDR remit; BOE: rate cuts remain 'some way off'; AssetCo AGM resolutions pass

Stories of the Week: FCA eyes extension of SDR remit; BOE: rate cuts remain 'some way off'; AssetCo AGM resolutions pass

FCA; BOE; AssetCo: : The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 26 April 2024 • 1 min read
US Solar Fund confirms $19m tender offer and eyes US private debt markets for refinancing

US Solar Fund confirms $19m tender offer and eyes US private debt markets for refinancing

Slashes dividend target

James Baxter-Derrington
clock 24 April 2024 • 1 min read
Trustpilot