FSCS U-turns on 70 Rockingham ARM advice claims

The FSCS said it had received new evidence from claimants and other third parties relating to investments in the ARM bonds.  In light of this evidence, it said: "We believe some ARM investors can now make successful claims against failed financial advisers if negligent advice can be proven." The FSCS said it had been working through claims against Catalyst Investment Group in relation to its role in promoting ARM bonds since early 2014 and had paid compensation in 3,700 cases.  The FSCS said: "Before we looked at claims against Catalyst we considered whether failed independent fina...