Prime minister pledges to 'look into' Arch Cru debacle

Laura Miller
clock

Prime minister David Cameron has said he will look to see if the government can do more to help those who have lost money in the Arch Cru debacle.

Answering a question today during Prime Minister's Question Time, the PM said he had been personally contacted by constituents on the issue. Tom Greatrex MP asked Cameron: "Will the PM heed calls for the Government to launch an enquiry under section 14 of FSMA?" To which Cameron replied: "Like many members of this House I have been contacted by constituents who lost money. I will look carefully at what [today's debate] says, and see if we can do more." The debate Cameron referred to is a closed meeting between MPs - led by Greatrex - and the FSA today on the role of the regulator i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

The risks of underinvesting in a stock market bubble

The risks of underinvesting in a stock market bubble

Booms and crashes are part and parcel of the market cycle

Laith Khalaf
clock 17 February 2026 • 3 min read
US investment manager Nuveen to buy Schroders in £9.9bn deal

US investment manager Nuveen to buy Schroders in £9.9bn deal

Combined group will oversee almost $2.5trn of assets under management

Linus Uhlig
clock 12 February 2026 • 2 min read
UK DIY investment grew by more than £100bn in 2025

UK DIY investment grew by more than £100bn in 2025

According to data released by Boring Money

Patrick Brusnahan
clock 11 February 2026 • 2 min read