Quilter International and Friends Provident International are facing a multi-million pound lawsuit filed by investors who claim the insurers mis-sold "high-risk funds" under the guise of insurance wrappers to "unsophisticated British and international investors living overseas." The £100m case, which is being filed in the Isle of Man courts, claims "the true level of risk that these investors were exposed to was obscured from both the investors and the IFAs who sold the products," according to the investors' lawyers, Signature Litigation. The lawyers added: "By wrapping these funds in...
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