Update: 'Confusion not clarity' for Arch cru investors

Regulatory Legal's Michael Cotter said he had hoped the letter to investors would reveal more exact details of their payouts from the £54m Payment Scheme. However, investors in the suspended Arch cru fund range will have to wait possibly until the end of October 2011 to receive a personalised offer letter. Cotter said: "The offer on the table does not give clients what they want which is to know how much they will receive. "It is important to note this approximate figure given of 70% is not what they originally invested but a percentage of the NAV of the shares based on prices in M...