A group of up to 1,000 investors in failed fund range Arch Cru have joined forces to bring a case against the vehicle's authorised corporate director Capita Financial Managers - and have found a top London law firm, favourable counsel's opinion and third...
Investors in the collapsed Arch cru fund range who sign up to a payment scheme set up by the funds' authorised corporate director, Capita Financial Managers, are in line to receive markedly less than forecast.
UK dividend growth suffered a setback in the first quarter of 2013, falling 25% year-on-year, according to Capita Registrars.
Outsourcing giant Capita has made no further provision for Arch cru liabilities in its latest set of results.
Capita Registrars has cut its UK dividend growth projection for 2013 from 8% to 6.7%, warning payouts cannot outstrip GDP growth indefinitely.
WAY Group has acquired International Financial Data Services (IFDS)' ACD business in a deal which has made it the second largest player in the space.
Today's censure of Capita Financial Managers (CFM) by the FSA is a damning indictment of the firm's failings - and a vindication of advisers' pleas.