Arch Cru claims lodged against Capita led by IFA Centre

Laura Miller
clock

Litigation lawyers Harcus Sinclair have written to Capita Financial Managers Limited (CFML) notifying them of a claim against them in respect of a number of ‘sample' Arch Cru clients.

This is with a view to applying for a Group Litigation Order which will claim for losses incurred by many hundreds of investors in Arch Cru funds. IFA Centre managing director Gillian Cardy, who has spearheaded activities to hold CFML to account for investor losses in the Arch Cru funds, said "Our activities in this matter have previously been dismissed as ‘theory'. I am delighted to confirm that our position is no longer theoretical." CFML also chose to remind Arch Cru investors of the opportunity to claim on the Capita payment scheme in the last fortnight. The opportunity of part...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why non-transparent managers are behind most failed acquisitions

Why non-transparent managers are behind most failed acquisitions

‘They don’t understand the importance of culture and cohesion’

Rami Cassis
clock 12 April 2024 • 3 min read
Partner Insight: Understanding the investment universe

Partner Insight: Understanding the investment universe

Invesco
clock 12 April 2024 • 6 min read
FCA issues warning notice to Neil Woodford over liquidity failings

FCA issues warning notice to Neil Woodford over liquidity failings

The firm failed on four accounts between 2018 and 2019

James Baxter-Derrington
clock 11 April 2024 • 2 min read