Arch cru

The Financial Services Authority (FSA) is taking a closer look at firms operating as Authorised Corporate Directors (ACD), after warning of potential conflicts of interest.

The Financial Services Authority (FSA) spotted flaws with the Arch cru marketing literature and ordered changes before the funds' suspension, Treasury financial secretary Mark Hoban has claimed.

GOSLING'S GROUSE

Capita, the authorised corporate director of the failed Arch cru funds, has revealed the settlement earlier this year cost it £17.9m.

The government has once again rejected a call to arrange an independent inquiry into the collapse of the Arch Cru funds.

The government has once again turned down a request from an MP for an independent investigation into the Arch cru collapse.

Arch Financial Products is being sued for £150m by the board of 18 Guernsey-listed investment vehicles for failing to exercise fundamental care of assets and to account for "substantial secret profits", according to reports.

The Prime Minister David Cameron has rejected calls from an MP for an independent inquiry into the Arch cru investment funds scandal.

The FSA has extended its investigation into advisers who sold Arch cru funds to include inherited or acquired clients.

A group campaigning for a judicial review into the Arch cru investment funds scandal has had its initial request rejected by the High Court.