FSCS: Arch Cru claims 'may exist' against failed IFAs

In an update today, the FSCS said compensation for investors was a "step closer". "[The] FSCS has found some failed IFAs may be liable for losses suffered by consumers where mis-selling can be shown to have occurred," it said. "FSCS's work to value the assets of the firms continues, including how the scheme will calculate any compensation due to people. Consumers will be updated in late March with more information about the application process for claims and how the FSCS will quantify them. Arch Cru investors have already been offered a £54m compensation package by Capita, HSBC ...