The Financial Services Compensation Scheme (FSCS) has confirmed that it has begun paying out on claims relating to Arch Cru.
The first claims were processed at the end of July. The FSCS announced in July that it was set to decide on 750 Arch Cru claims and that compensation could reach £38m in total. In March investment intermediary firms were hit with a £78m annual levy by the FSCS for 2012/13.
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