FSCS reviews position on Rockingham advice claims

The FSCS originally rejected claims from the investors because it said  Rockingham's allegedly negligent advice to invest in ARM was not the cause of the loss for investors. The scheme's u-turn came after its decision had sparked a wave of complaints from investors. A FSCS spokesperson said: "The FSCS has received a number of responses from claimants since writing to them earlier this year, and some new evidence has been presented to us. "The FSCS is now reviewing the evidence against the original view on Rockingham's liability and hopes to update these claimants shortly." Rocki...