Capita resumes Arch cru wind-up with £7m investor payout

The firm paid out the tenth tranche of compensation payments to investors on 25 May and said it plans to recover more money from the funds before asking the Financial Services Compensation Scheme (FSCS) to step in. The compensation payments affect those investors the FSCS had compensated "on an interim basis" between 2012 and 2013, before it started processing claims according to a separate consumer redress scheme set up by the regulator. Once Capita has confirmed its final distribution, the FSCS will make its final compensation payments to affected investors. The Arch cru fund ran...