Arch cru

The Financial Services Authority has begun an investigation into firms which recommended Arch Cru investments.

Law firm Pannone is offering pro bono legal advice to Arch Cru investors to help them recover the millions of pounds lost in the fund range.

Ten of this week's best-read stories

A group of Arch Cru investors have obtained figures which show the extent of the losses suffered by the fund range in the run up to its suspension.

IFAonline has uncovered documents which show Cru Investment Management offered IFAs who moved all of their clients into its funds preferential buy-out terms when they wanted to exit the industry and sell their business - but only after they had been with...

Cru Investment Management encouraged advisers to invest all of their clients in Cru funds at a blanket rate of 1% trail commission, in a presentation one IFA has branded a "shambles to encourage churning".

Cru Investment Management gave advisers a 12 step plan to migrate all of their pension and investment clients to its funds, with the offer of a lucrative succession strategy for exiting advisers if they did.

MPs campaigning for better compensation for Arch Cru investors will try to broker a blanket deal on redress to avoid the Financial Ombudsman Service being flooded with claims against IFAs.

The uncomfortable position advisers who recommended Keydata are in today is exactly where those who advised on Arch Cru could soon find themselves...

The Financial Services Authority (FSA) has criticised IFAs for trying to shirk responsibility for Arch Cru investors' losses, and has warned evidence of widespread mis-selling could trigger an industry-wide past business review of all recommendations...