Galloway proposes motion for Arch Cru debate in Commons

Nicola Brittain
clock •

Respect MP George Galloway has tabled an early day motion (EDM) to draw attention to the failure of Arch Cru funds between 2006 and 2009.

EDMs are formal motions submitted for debate in the House of Commons. The submitted motion reads: "This house condemns the failure of Capita Financial Managers Limited and the Financial Conduct Authority to fully compensate the 20,000 or so innocent people affected by the suspension of the UK authorised and regulated Arch cru investment funds; "It notes that investors, many of whom invested their life savings, were informed these were low risk funds; "It holds CFML responsible for failures in oversight of the funds, the investments of which were hidden behind Guernsey cell companie...

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

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

By late 2027

Patrick Brusnahan
clock 28 October 2026 • 1 min read
Investment tax relief rises by smallest amount in four years amid recent Budget measures

Investment tax relief rises by smallest amount in four years amid recent Budget measures

Bowmore Financial Planning research

Jack Roach
clock 28 October 2026 • 2 min read
Defaqto to launch rating for newer funds and portfolios

Defaqto to launch rating for newer funds and portfolios

Combines Defaqto and RSMR expertise

Jen Frost
clock 27 October 2026 • 2 min read