Arch cru

The Financial Ombudsman Service (FOS) has frozen claims related to Arch cru while it waits for the FSA, BNY Mellon, HSBC and Capita to agree on the value left in the fund range.

And five big stories this week were...

Hector Sants is encouraging Arch cru investors to take the FSA-brokered 70% payment deal and has warned against attempts to get a better return through the Financial Ombudsman or the courts.

The Financial Services Compensation Scheme (FSCS) is investigating whether investors have the right to claim compensation against closed IFAs who advised on the CF Arch cru Investment and Diversified funds.

Labour MP Russell Brown has accused the government of trying to "sweep the failures of the Financial Services Authority (FSA) under the carpet", after it refused a parliamentary debate into the regulatory oversight of those managing the failed Arch cru...

Cru investment management founder Jon Maguire cashed in his £150,000 investment in Arch cru just 14 weeks before the fund range was suspended, and while his firm was still promoting the troubled fund to other investors.

A Labour MP has added to calls for an investigation into the role of Capita Financial Group in the collapse of Arch cru Funds.

This week, more details were published about the new look regulator post the split-up of the FSA.

Our regulators, government and others in the financial services industry are constantly saying they have learnt from the mistakes of the past.

So after two years, thousands of FOS claims, the support of two MPs, and a Prime Minister who wasn't even in the post when the debacle began, Arch cru investors have some kind of answer to the question ‘Will I ever get my money back?"