Arch cru
Regulation
The deadline for Arch Cru investors to accept payments from a £54m scheme set up by Capita and the funds' depositories has been delayed by 12 months until 31 December 2013.
29 October 2012
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Global
The Financial Ombudsman Service (FOS) has ordered network Pi Financial to compensate two clients it recommended invest in an unregulated collective investment scheme (UCIS).
10 October 2012
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Regulation
The Financial Services Compensation Scheme (FSCS) has declared 21 investments firms in default, including a number of independent financial advisers and mortgage brokers.
21 August 2012
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Regulation
The Financial Services Consumer Panel (FSCP) is urging the Financial Services Authority (FSA) to seek to extend the deadline for a £54m Arch Cru payment scheme involving Capita, BNY Mellon and HSBC.
02 August 2012
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Regulation
The Financial Services Compensation Scheme (FSCS) has confirmed that it has begun paying out on claims relating to Arch Cru.
01 August 2012
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Regulation
The Association of Independent Financial Advisers (AIFA) has criticised a proposed redress scheme for investors in Arch Cru.
31 July 2012
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Regulation
The former chairman of Tenet Group has criticised the Financial Services Authority (FSA) over its ‘Kafkaesque' behaviour in blocking the company's finance director from obtaining a significant influence function (SIF).
26 July 2012
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