The Financial Services Authority and Arch cru investors are caught in a 'Catch 22' deadlock over the release of information about Capita's role in the run up to the funds' suspension.
Arch cru investors face a looming end of November deadline to decide whether to accept a share of the £54m payment deal announced in June by Capita, HSBC and BNY Mellon, or seek a judicial review into the scheme. But investors have said they are being left unable to judge the fairness of the deal because the FSA has yet to publish details of its investigation into Capita. IFAonline understands the regulator is keen to issue final decisions for Capita and other firms connected to Arch cru to help investors decide their best course of action. However, the FSA is banned from revealing...
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