Arch Cru firm Coull Money declared in default

In 2011, Coull Money, backed by other firms which had recommended clients invest in the failed funds, lodged a challenge into the fairness of a £54m payment package put forward by the three main companies charged with the management of the funds and the safety of deposits into them - Capita, HSBC and BNY Mellon. The Financial Services Compensation Scheme (FSCS) has now declared Coull Money, as well as 15 other advisory businesses, in default, meaning its clients can make a claim against it should they wish. According to the financial services register, Coull Money was no longer author...