Uncertainty about professional indemnity insurance (PII) cover and concerns about the impact on consumers are among the main worries of Financial Services Authority (FSA) board members about a proposed £110m redress scheme for Arch Cru investors, it has...
The Financial Services Authority (FSA) has 'overstepped the mark' in a letter urging professional indemnity insurance (PII) insurers to pay out on Arch Cru claims, according to a lawyer.
The Financial Services Authority (FSA) has warned professional indemnity insurance (PII) providers against excluding cover for Arch Cru claims when renewing independent financial advisers' (IFAs') policies.
A proposed £110m redress scheme for Arch Cru investors could "irreparably" damage firms forced to pay for the failures of others through the Financial Services Compensation Scheme (FSCS), the regulator has been warned.
The board of the Arch Cru fund cells has signalled its intentions to ramp up legal action against the service providers behind the investments.
A Conservative MP has criticised the Association of Independent Financial Advisers (AIFA) for failing to fight for its members against a proposed £110m redress scheme for Arch Cru investors.
The Financial Services Authority (FSA) has set out the legal backing it received for its proposed £110m redress scheme for Arch Cru investors.