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

Technology and emerging markets top performing sectors in May

Technology and emerging markets top performing sectors in May

FE Analytics data shows

clock 01 June 2026 • 1 min read
Rathbones brings together responsible investment in Centre of Excellence

Rathbones brings together responsible investment in Centre of Excellence

Combines ethical and sustainable research capabilities

Patrick Brusnahan
clock 29 May 2026 • 1 min read
Why active management matters more for income investors

Why active management matters more for income investors

Significant implications for advisers and investors relying on passive income strategies

Rory Sandilands
clock 29 May 2026 • 4 min read