What happens when you combine an investment failure of epic proportions, an inquiry we (pretty much) know the result of and careful planning to avoid incurring the wrath of the City?
The recent £60m interim levy for investment intermediaries - including financial advisers - was a blow, but not an unexpected one from the Financial Services Compensation Scheme (FSCS). After all, we've known about the collapses of the likes of Keydata and Wills & Co for some time, while MF Global, which contributed £27m of the total, hit the radar at the end of last year. Another name mentioned when the FSCS made its levy announcement was Arch Cru. Again, no surprise there considering the constant stream of news on that front over the past few years. However, all is not as it seem...
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