Arc Capital & Income investors face further delays

Administrator Carter Backer Winter says it is not in a position to commence payments until the middle of March. "Due to certain technicalities, we require further directions from the Court before we can make the payments due," it says. Earlier this month, the FSA gave CBW permission to release the funds held in ACI's client accounts. The administrator is responsible for distributing any income or capital payments received after ACI went into administration in October. However, this change does not affect any income or capital payments received before ACI went into administration, w...