The Financial Services Compensation Scheme (FSCS) could receive an upper limit of 66,700 new claims in 2013/14.
The Financial Services Compensation Scheme (FSCS) is to review the issues raised by the Financial Services Authority's (FSA) Arch Cru redress scheme for the purpose of deciding claims.
SPL Guernsey, the manager of what were the Arch Cru funds, is suing the former auditor of the fund range for £3.7m for breaches of duty in relation to the fund's accounts.
A lottery winner who invested £250,000 in Arch Cru is facing substantial losses after her financial adviser went out of business, only to re-emerge as a new firm months later.
Investors embroiled in the CF Arch Cru funds scandal are unlikely to benefit from a global compensation settlement, despite several MPs campaigning on their behalf, one key minister had said.
Arch Financial Products (AFP) chief executive Robin Farrell made £492,359 from the sale of shares in the Arch group to the Arch Cru fund range, the Financial Services Authority (FSA) has revealed.
Arch Financial Products (AFP), Robin Farrell, AFP's chief executive, and Robert Addison, a senior partner and former compliance officer at AFP, have hit back at attempts by the Financial Services Authority (FSA) to ban them from working in financial services...