FSCS offers Arch Cru investors chance of claim review

Targeting final settlements

The Financial Services Compensation Scheme (FSCS) is offering CF Arch Cru investors the chance to have their claims reviewed under the consumer redress scheme, with the aim of reaching final settlements.

Its offer follows the announcement by Capita Financial Managers it will not wind up the CF Arch Cru funds until at least December 2018. The scheme, introduced by the Financial Services Authority (now the Financial Conduct Authority), allows investors to receive a final settlement now, rather than having to wait until Capita, the funds' former authorised corporate director, has wound up the funds. The FSCS has said it will write to all affected CF Arch Cru investors with more details about the offers. Investors must give confirmation in response to the FSCS's letter to have their claim...