M&G sues Royal London over client exposure to ‘inappropriately risky investments’

Q: How long will it take to read this news story?

The story "M&amp;G sues Royal London over client exposure to ‘inappropriately risky investments’" has 591 words across 22 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "M&amp;G sues Royal London over client exposure to ‘inappropriately risky investments’" was covered 18 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 4 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24579395</li><li>URL: https://beamstart.com/news/mg-sues-royal-london-over-17348472686845</li></ul>

Financial Times 18h ago

M&G sues Royal London over client exposure to ‘inappropriately risky investments’ - Financial Times

Quick Summary:

CFB Bonds with a face value of about £27mn were purchased by 553 investors, according to the lawsuit, which was filed last month but has not been previously reported.

M&G is demanding damages of at least £27mn, plus interest, from the mutual, alleging that Royal London failed to properly disclose the risks during the acquisition process.

M&G said in its half-year results in September that it was planning to exit the adviser digital platform market as part of a plan to “focus and rationalise our wealth strategy”.