Arch cru advisers face PI headache

In a correspondence with IFAs on behalf of the Committee, cru managing director Marc Ainscough also warns some PI insurers are issuing new policy exclusions, ruling out cover for claims relating to Arch cru. The news follows the funds' authorised corporate director Capita decision to stop all charges to investors in the range including IFA trail commission, from 27 July. "PI insurers are issuing exclusions and raising excesses on policies to limit their exposure to claims they expect are on the horizon," says Ainscough. "Lack of information is hindering IFAs' ability to negotiate t...