MP makes fresh call for Capita probe over Arch cru

In a parliamentary written question, Tristram Hunt asked the Chancellor "if he will consider the merits of initiating an investigation into the role of Capita Financial Group in relation to the collapse of Arch cru funds". In reply, financial secretary Mark Hoban reminded Hunt it was the FSA, and not the Treasury, which had investigative powers into the matter. He added: "On 21 June 2011, the FSA announced a £54m package for investors in Arch Cru funds. "Established voluntarily by Capita Financial Managers Limited, BNY Mellon Trust and Depositary UK Limited and HSBC Bank plc, this ...