Capita Group has bought Insurance Medical Group Limited (IMG) for an undisclosed sum.
Arch cru investors want to know why Capita won't be fined like 27 other firms who they say failed in the same way. Levy paying IFAs should want to know too.
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.
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.
Around 50% of products currently on the market will not allow advisers to meet their RDR requirements, according to new research from administrator Capita and consultancy AT8 Group.
Prime Minister David Cameron joined the fight to force the FSA to reveal what it knows about the failure of the Arch cru fund range, just days before today's announcement of a £54m compensation package for investors.
Aviva said it is waiting with "bated breath" for publication of the platform policy paper - something it says could have a "fundamental impact" on how players operate.
A third of platform research carried out by advisers focuses on provider strength, suggests research from Capita.
One of the lead cases brought by Arch cru investors against Capita has been put on hold by FOS pending a decision on whether the ombudsman is the appropriate body to deal with the complaint.
Capita Financial Software is hosting a platform comparison and due diligence day for advisers in June.