Arch cru

Capita Financial Managers has published its most up-to-date figures for the total return - and loss - investors in each of the Arch cru funds can expect.

Lawyers hired by the FSCS to pursue claims against IFAs who recommended Keydata yesterday sent out letters with the names and addresses of every firm it is chasing. We can now exclusively reveal the full list.

Margaret Cole, managing director of the FSA's conduct unit, has pledged to MPs the regulator will look again at how Capita calculated redress for Arch cru investors under its £54m payment scheme.

Prime minister David Cameron has said he will look to see if the government can do more to help those who have lost money in the Arch cru debacle.

Prime minister David Cameron will today be forced to answer calls for a government inquiry into the failure of Arch cru and the fairness of the redress scheme set up to compensate investors.

The Financial Ombudsman Service (FOS) has revealed the details of a provisional judgement against an IFA who invested clients in Arch Cru.

The Financial Services Authority (FSA) will face questions from Arch cru investors at a hearing on Wednesday on the regulator's role in the downfall of the fund range - and the £54m redress deal - despite not being allowed at the meeting.

Capita Financial Managers, which wants Arch Cru investors to accept a payoff linked to the sale of assets from the suspended fund range, has admitted that three-quarters of the remaining value of the cells is uncertain.

The redress deal struck by the FSA, Capita, HSBC and BNY Mellon will return Arch Cru investors just 10%-15% of their original capital, according to lawyers who have seen the offers.

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.