Capita

The FSA's director of supervision at its conduct business unit, Clive Adamson, told an investor in the Arch cru funds that complaining to their IFA was the "best course of action" in order to get some form of redress, as the scandal broke in 2009.

Outsourcing business Capita is close to securing a deal to acquire Bluefin Advisory Services from French insurance giant Axa, according to reports.

Capita, the authorised corporate director of the failed Arch cru funds, has revealed the settlement earlier this year cost it £17.9m.

Arch Financial Products is being sued for £150m by the board of 18 Guernsey-listed investment vehicles for not exercising a fundamental care of assets and failing to account for "substantial secret profits", according to reports.

A group campaigning for a judicial review into the Arch Cru investment funds scandal has had its initial request rejected by the High Court.

IFAs who recommended Arch Cru - and now may face demands for compensation - are being advised to contact their professional indemnity (PI) insurer to ask them to contribute to the Capita redress scheme, as a cheaper way to deal with claims.

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.

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 Financial Services Authority (FSA) will face questions from Arch Cru investors at a hearing on Wednesday on the regulator's role in the downfall of the fund range - and the £54m redress deal - despite not being allowed at the meeting.

Christopher Addenbrooke, CEO at Capita Financial Managers, is under pressure to explain how the Arch Cru fund range was allowed to fail while his firm was in charge of its management.