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In Focus - Arch Cru


The failure of the CF Arch Cru Investment Fund and the CF Arch Cru Diversified funds sent shock waves through the financial services sector. For advisers, the establishment by the FSA of a consumer redress scheme could see them facing large-scale claims over their recommendations to invest in the products, where this is deemed unsuitable.


Your Industry| Feb 20, 2014

‘Still time to join Arch Cru group action’

A campaign group seeking to recover compensation from Capita over the failed CF/Arch Cru funds has called on more advisers to join the action to...

Regulation| Jan 27, 2014

Adviser Arch Cru payouts top £8m, with £23m more to come

Latest data is consistent with the results of a review undertaken by the FCA before the consumer redress scheme was set-up.

Regulation| Nov 25, 2013

Arch founder: ‘There was no breach of fiduciary duties’

Arch founder says allegations have been made “purely on the basis of inference with no contemporaneous fact or evidence”.

Regulation| Nov 06, 2013

Fresh £16m Capita claim may provide Arch Cru adviser defence

Capita Financial Managers has provided 1,600 names of investors for group litigation order.

Regulation| Oct 31, 2013

FCA writes to firms where Arch Cru opt-in is under 20%

Average opt-in rate for the Arch Cru redress scheme is 48 per cent, City watchdog says.

Investments| Oct 21, 2013

Arch Cru investments at centre of fresh £74m claim

Greek shipping umbrella firm says Capita breached contractual agreements as it ‘could no longer finance projects’.

Analysis & Opinion
Advisers’ £90,000 bill for recommending failed funds

FTAdviser BlogonInvestments| Jan 27, 2014

Advisers’ £90,000 bill for recommending failed funds

FCA reveals total bill of £31.5m, which due to PI cover exclusions may fall largely onto firm reserves.

Challenges and pitfalls of redress schemes

Regulation| Apr 03, 2013

Challenges and pitfalls of redress schemes

In December 2012, the FSA published its policy statement PS 12/24 “Consumer redress scheme in respect of unsuitable advice to invest in Arch cru...

FTAdviser BlogonRegulation| Nov 27, 2012

Capita off the hook, while advisers still to be squeezed

One rule for Capita and another for advisers after FSA fails to fine firm for Arch Cru failings.

Recent Articles
  1. Your Industry| Oct 03, 2013

    Forget Arch Cru, FCA says you can rely on provider info

    Advisers can rely on information as long as they feel it is robust and credible, says Apfa director general.

  2. Regulation| Mar 07, 2013

    FSA bans Cru IM co-founder Danner but refuses fine

    Danner’s “lack of integrity” confirmed by Upper Tribunal decision in June 2012, says regulator.

  3. Regulation| Dec 17, 2012

    Cardy: FSA Arch Cru revisions leave questions over PII

    IFA Centre welcomes redress scheme revisions but expresses “serious concerns” over assumed health of PI market.

  4. Investments| Dec 13, 2012

    FSA hints at further enforcement for Arch Cru parties

    Regulator tells select committee chair final notice marks the end of Capita’s disciplinary action for its part in the Arch Cru debacle.

  5. Investments| Dec 13, 2012

    Capita and administrator renew Arch Cru blame game

    Former Arch Cru administrator says it was not its duty to “ensure” its directors were aware of investment matters.

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