This week's news... condensed

Arch Cru The FSA came out with plans for a redress scheme for Arch Cru investors. Advisers will end up shelling out about £110m, although, as we reported throughout the week, not everything was crystal clear. St James's Place Things appear to be going just fine for St James's Place at the moment, with the firm hitting record funds under management and revealing plans to recruit 100 advisers per year. Mervyn King Here's one you don't read about too often: the governor of the Bank of England admitting he could have done more to avert the financial crisis. Claims management comp...