Arch cru
Wealth managers
The Financial Services Compensation Scheme (FSCS) has declared 21 investments firms in default, including a number of independent financial advisers and mortgage brokers.
21 August 2012
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Investment
The Financial Services Authority (FSA) has launched a crackdown on ACDs operating in the UK in the wake of the Arch cru scandal, as one major player confirms it is pulling back from the market.
09 August 2012
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Wealth managers
The Financial Services Consumer Panel (FSCP) is urging the Financial Services Authority (FSA) to seek to extend the deadline for a £54m Arch cru payment scheme involving Capita, BNY Mellon and HSBC.
02 August 2012
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Wealth managers
The Financial Services Authority (FSA) has warned professional indemnity insurance (PII) providers against excluding cover for Arch cru claims when renewing IFAs'policies.
24 July 2012
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Investment
A proposed £110m redress scheme for Arch cru investors could "irreparably" damage firms forced to pay for the failures of others through the Financial Services Compensation Scheme (FSCS), the regulator has been warned.
20 July 2012
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Wealth managers
The Financial Services Authority (FSA) has set out the legal backing it received for its proposed £110m redress scheme for Arch cru investors.
13 July 2012
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Financial services
The estimated value of the remaining assets within the Arch Cru funds has fallen again, reducing the amount of returns to investors being offered by Capita Financial Managers, the authorised corporate director.
29 June 2012
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Wealth managers
The High Court has rejected a bid for a judicial review into the £54m redress scheme brokered by the Financial Services Authority (FSA) offered by Capita and other businesses to Arch cru investors.
21 June 2012
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