Advisers' FSCS levy to include £30m Catalyst claims

The scheme said it had finalised the process it will use to investigate claims against Catalyst and had begun sending application forms to all known ARM Asset Backed Securities SA bond investors. Catalyst was the primary distributor of two ARM bonds - the Assured Income Plan and Capital Growth Bond - in the UK, promoting the products to advisers. In October last year, the Financial Conduct Authority announced that Catalyst had been declared in default and censured the group for breaching its principles when promoting and distributing the bonds. The decision to begin inviting claims...