Capita CF Arch Cru Investment Portfolio

dunstonh

greenface wrote: »

can they do this ? there has to be a conflict .If not there is potential conflict here. Law to themselves

I believe how they are trying to position it is that the IFAs were victims in this as well and that the IFAs and the investors should work together to attack Cru and Capita etc.

It does seem to be a bit strange though that on one hand they say they are representing the investors and on the other they are representing the advisers and yet under FSA rules, it is the advisers that carry the liability.

elliea_2

Thank you everyone for your input and advice, it is nice to know people care and are willing to try and help.

It is all so confusing, good luck to everyone who is involved!

jamesd

The FSA has announced a plan that will offer investors who held these funds about 70% of the value at the time trading was suspended on 13 March 2009. Capita also announces it, which is conditional on relinquishing any claims against Capita. The FSCS is also a party involved in discussions.

From the FSA's announcement it appears that prospective action against some parties is still up in the air.

Investors who bought New Star's Heart of Africa fund at launch and held it until suspension and liquidation received about 36p per Pound invested.