Capita

The redress deal struck by the Financial Services Authority and Capita, HSBC and BNY Mellon will return Arch Cru investors just 10%-15% of their original capital, according to lawyers who have seen the offers.

Capita Financial Managers has today sent a further letter to investors who lost money in the Arch Cru fund range to set out their individual entitlements under a £54m payment scheme.

Ten leading platform commentators were locked in a room last week to debate the future of the market. In the first of a three-part special in IFAonline, the team revisited platforms' original objectives and asked: Is their influence now spreading too...

Thousands of Arch Cru investors have written to their MPs today accusing Capita of intentionally violating the Financial Services Authority's treating customers fairly (TCF) charter.

The MP who this week had his calls for a government inquiry into the controversial £54m Arch cru investors' payment scheme dismissed by the Treasury, has said the fight for answers will continue in the corridors of Westminster.

The Financial Services Authority has asked the High Court to make an "urgent" decision on whether a group of IFAs can judicially review the £54m Arch Cru investors payment scheme.

A large Manchester law firm is seeking to bring professional negligence claims against IFAs who invested clients in the Arch cru fund range, following Treasury Secretary Mark Hoban's refusal yesterday to launch a government inquiry into Capita's role....

Mark Hoban, the financial secretary to the Treasury, has backed Capita's Arch cru payment scheme and told investors they should go after their independent fnancial advisers (IFA) for compensation.

The Financial Services Authority and Arch cru investors are caught in a 'Catch 22' deadlock over the release of information about Capita's role in the run up to the funds' suspension.

The extent to which advisers will have to assess individual client suitability for platforms - and whether an off-platform solution may be preferable - has been underlined by the shock findings of a new study.