21st June 2011
The FSCS is aware that the Financial Services Authority (FSA) has announced that it has been in discussions concerning the CF Arch cru Investment Funds and the CF Arch cru Diversified Funds with a view to establishing a £54 million package for investors who are invested in the Arch cru Funds.
The FSCS is considering the implications of this development for claims that it has received arising from investments made by claimants in these funds. These claims for compensation have been made against various Independent Financial Advisors that are no longer trading. We will provide further information about our position to claimants as soon as we are able to.