Maersk Inc. Faces Lawsuit Over Mismanaged 401(k) Fixed Annuity Investment
Maersk Inc. is sued for alleged mismanagement of its 401(k) plan involving a fixed annuity from John Hancock, potentially causing $22 million in losses.
Massachusetts Jury Finds Cutter Financial Liable for Fiduciary Breach in Annuity Sales Case
Massachusetts jury rules against Cutter Financial for fiduciary breach under the Investment Advisers Act, highlighting SEC enforcement focus on undisclosed annuity commissions and compliance risks for RIAs.
Proposed Department of Labor Regulations to Refine Health Plan Fiduciary Duties
Scholars argue for enhanced Department of Labor regulations under ERISA to improve fiduciary duties in selecting employer-sponsored health insurance, advocating for transparency and value in plan choices.