Cherie Blair firm's FSA authorisation claim vanishes

The FSA today told the Telegraph it has no knowledge or record of the Allele Fund, which invests in healthcare and technology companies. A spokesperson for the fund told the paper that its website does not claim to be authorised. In its current form, the site makes no such claim. However, a cached version of the website dated 29 December 2011 states: "In the United Kingdom this website is issued by Allele Fund, which is authoriSed and regulated by the FSA." A spokesman for the Allele Fund said: "FSA registration is not required for the Allele Fund, as under the FSA definition there...