Browsing All Posts filed under »Uncategorized«

FCA on the ropes: your chance to land a punch

January 24, 2016


Connaught victims may have seen the House of Commons Adjournment Debate on 12 January. The Chairman of the Connaught All-Party Parliamentary Group, Guto Bebb, and MPs who’ve been following the case made some highly pertinent points and raised crucial questions about this long-running case. The Minister looked distinctly uncomfortable delivering a response that was clearly drafted […]

Urgent: Please contact your MP

November 5, 2015


The Action Group believes that the outcome of our claim against Capita now sits on a knife-edge. Will the Financial Conduct Authority continue to protect the people who made the scam possible, then covered up and walked away when the realised what they’d done? Or will it throw the book at them (and force them […]


July 16, 2015


You doubtless heard that the Financial Conduct Authority-intermediated negotiations between the Fund’s hapless Operators and the liquidators fell apart in March, after nine months and countless hundreds of billable hours of fruitless discussion. What you’ve heard about the reasons for the break depends on who you are. If you’re a politician, you’ve probably been fed […]

The Calm Before the Storm?

September 16, 2014


Things have been quiet of late on the Connaught front. Back in July we all heard that the FCA offered to mediate negotiations between ‘the parties involved’; it subsequently emerged that the regulator had set a deadline of 31 October for agreement to be reached. Since then, we’ve heard nothing. While we await the outcome […]

MPs, Minister debate Connaught fund failure

May 9, 2014


Members of Parliament and the newly appointed Economic Secretary to the Treasury, Andrea Leadsom, yesterday debated the failure of the Connaught Income Fund and the roles of Capita plc and the Financial Conduct (previously Services) Authority in its failure. Vale of Glamorgan MP Alun Cairns, who leads the informal All-Party Parliamentary Group (APPG) and called […]


May 1, 2014


Since yesterday’s email went out, we’ve heard that the public gallery at Westminster Hall, where the Parliamentary debate about the failures surrounding the collapse of the Connaught Income Fund Series 1 will take place at 11am on Wednesday 7 May, is really tiny. Apparently it can accommodate only around 20 people. We’re keen that researchers […]


April 30, 2014


Are you free next Wednesday morning (7 May)? If so, and if you possibly can, please join us and other investors at Westminster Hall, in the Palace of Westminster, where Alun Cairns MP, who with colleague Guto Bebb has founded an informal All-Party Parliamentary Group representing the interests of Connaught investors, has called a debate […]