Structured product provider Arc Capital & Income has today gone into administration.
The firm suffered from the collapse of Lehman Brothers, which backed some of its structured products. Around 10,000 investors will be affected, and those invested in Lehman-backed products may be able to claim compensation from the Financial Services Compensation Scheme (FSCS). Following an FSA review of the structured product market in the wake of Lehman Brothers's collapse, it was found Arc is facing around £5.7m in client loss liabilities. Robin Davis, Melvyn Carter and John Alexander of Carter Backer Winter LLP will act as administrators, and will contact customers shortly outl...
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