FSA extends Arch Cru probe to inherited clients

clock •

The FSA has extended its investigation into advisers who sold Arch Cru funds to include inherited or acquired clients.

The regulator began writing to advisers who recommended one or more of six CF Arch Cru funds last month. But, according to one adviser who received his letter last week, the original requests for information included no mention of sales made by another firm. The latest tranche of letters, seen by IFAonline and dated 6 January, now include the following paragraph: "If you are providing services to clients who were sold an investment in one of the Arch Cru funds by another firm, you are required to provide a separate list of the names of these clients...

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

Anthropic bankers preparing to increase IPO valuation to $1.5trn – reports

Anthropic bankers preparing to increase IPO valuation to $1.5trn – reports

Draft prospectus filed on Tuesday

Jack Roach
clock 11 November 2026 • 2 min read
US midterms: What history tells us about what comes next

US midterms: What history tells us about what comes next

Expect a post-election pop

Dan Lefkovitz
clock 10 November 2026 • 4 min read
Watch PA's Working Lunch with Baillie Gifford - The future of growth investing

Watch PA's Working Lunch with Baillie Gifford - The future of growth investing

Catch up on the discussion

Professional Adviser
clock 03 November 2026 • 1 min read