Blog: Why won't FOS tackle Capita on Arch cru

Approximately £400m was invested in Arch cru funds between 2006 and 2009 by roughly 20,000 investors. About 2,500 of these investors are backing a claim that Capita failed in its duty to ensure the fund was accurately priced, and that it allowed the fund to make higher risk investments than its low risk label permitted. These are serious allegations which, to its credit Capita, by offering all of the investors Financial Ombudsman rights, has accepted it will be investigated over. Except it seems highly likely it won't. In correspondence from a FOS adjudicator last month, seen by...