The Supreme Court’s most significant retirement industry ruling of the year will have a new hearing that takes into consideration the highest court’s April ruling.
Nationwide Investment Management Group names new head; Investment Company Institute elects new chair; Kestra Holdings expands its leadership team; and more.
‘We’re at a perfect time to continue to see this market evolve and grow,” said Keith Golembiewski, head of annuity research at LIMRA, during the livestream session.
A judge dismissed plaintiffs’ complaints against plan sponsor Caesars Holdings but allowed complaints against the fiduciary investment manager to move forward.
The plaintiffs allege that the institution breached its fiduciary duty by choosing not to use forfeited funds to reduce plan expenses, even though contributions had already been offset.