Capita

Capita has added Zurich's newly-launched platform to its comparison and due diligence service.

ARCH CRU

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...

Firms who advised on investments in the CF Arch Cru Investment and Diversified Funds must contact all their clients asking if they want their case reviewed to determine whether they were mis-sold the funds and may be eligible for redress.

A professional indemnity (PI) insurer has hit out at a proposed £110m redress scheme for Arch Cru investors, saying it is fundamentally flawed and could cause "substantial damage" to IFA firms.

ARCH CRU

The Financial Services Authority (FSA) has issued a public censure against Capita Financial Managers (CFM) for its failings in relation to the CF Arch Cru funds between June 2006 and March 2009.

The publication of the final details of the Financial Services Authority's (FSA's) £110m Arch Cru redress scheme has been postponed due to the overwhelming response to the regulator's consultation.

CONDENSED

The deadline for Arch Cru investors to accept payments from a £54m scheme set up by Capita and the funds' depositories has been delayed by 12 months until 31 December 2013.