Non-Lehmans Arc plans sold to Merchant Capital

However, three products backed by Lehman Brothers: Fixed Income Plan 6, Stepped Kick Out Plan 5 and Bull & Bear Enhanced Investment Plan 3, will not be transferred. These plans have been ring-fenced and will be dealt with separately. The administrators say the deal will preserve the interests of around 10,000 investors with £100m of investments. ACI will become part of Merchant Capital's investment management arm, and several ACI staff will transfer to the new business. Following the collapse of Lehman Brothers, which acted as a counterparty to several ACI products, the FSA reviewe...