Left in limbo: Another FSCS delay on Arck as it 'steps closer' to adviser liability ruling

The FSCS said it is "continuing to investigate" advisers' role in the debacle that has cost investors - some of whom were advisers themselves - around £60m. It is a "step closer" to deciding if it will compensate these claims following guilty pleas in the High Court from the two directors of Arck, it said, but added it is waiting for information from unnamed third parties related to the case to make its final decision. The latest update from the FSCS is unlikely to appease anxious advisers and investors, who have already had their fate delayed once by the body that in Janaury gave a M...