The Financial Services Compensation Scheme (FSCS) has confirmed a £60m interim levy for financial advisers and other investment intermediaries.
The Financial Services Authority (FSA) spotted flaws with the Arch Cru marketing literature and ordered changes before the funds' suspension, Treasury financial secretary Mark Hoban has claimed.
The Financial Services Compensation Scheme (FSCS) has informed Arch Cru investors that eligible claims for compensation "may exist" against some failed independent financial advisers (IFA).
MPs looking into the Arch Cru collapse have called for a "global meeting" of the parties involved after accepting there is now "no guarantee" of investors getting more than 70% of their assets back.
Capita, the authorised corporate director of the failed Arch cru funds, has revealed the settlement earlier this year cost it £17.9m.
The government has once again rejected a call to arrange an independent inquiry into the collapse of the Arch Cru funds.
Given the Financial Ombudsman Service's (FOS) desire to see larger caseload contributors paying a greater share of the costs, do you think this heralds a focus on smaller companies well being from regulators?
The government has once again turned down a request from an MP for an independent investigation into the Arch Cru collapse.