Paul Finn made his mark as one of the great equity lawyers with his 1977 book Fiduciary Obligations exploring our obligations to act in the best interests of others.
In Carfora v. Teachers Ins. Annuity of America, the court held a service provider for employer sponsored retirement plans was not liable as fiduciary under ERISA when using participant information to encourage roll over assets into its more expensive account program.
UT Knoxville Chancellor Donde Plowman will be salaried at $820,000 beginning July 1, UT President Randy Boyd announced during a UT Board of Trustees Executive Committee meeting Friday morning.
Roughly a year ago, the Labor Department issued a proposed new rule on “Financial Factors in Selecting Plan Investments” but that, as they say, was then. This week, we asked readers if their and their plan sponsor clients’ perspective(s) had changed.