FSCS to review eligibility of Arch Cru opt-out claims

In December, the FSA ruled that firms who advised on investments in the CF Arch Cru Investment and Diversified funds must contact all their clients asking if they want their case reviewed to determine whether they were mis-sold the funds and may be eligible for redress. If clients who invested in Arch Cru opt for a case review and the advice is found to have been unsuitable, firms must put investors back into the position they would have been in had they received suitable advice. However, it is unclear what will happen to those Arch Cru investors who opt out of the FSA scheme but try ...