Tory MP Davis questions focus on IFAs for Arch Cru redress

Under the scheme, IFAs who sold the investments will have to stump up about £110m to clients, with Financial Services Compensation Scheme (FSCS) levy-payers picking up the tab for any of the firms who fail. Although he said it was "good news" for investors, Davis told the This is Money he was "unsure" whether the advisers should be paying the price for the collapse of the funds. While Capita, the authorised corporate director of the funds, has contributed to a separate £54m payment scheme for investors, the former Conservative leadership candidate added the company should be paying mo...