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Northern Trust Faces New Fiduciary Breach Allegations
planadviser Link to more items from this source
June 8, 2021

"The complaint claims that the Northern Trust Focus Funds have significantly underperformed their benchmark indexes and comparable target-date funds (TDFs) since their launch in 2010, performing worse than 70% to 90% of peer funds, but says the defendants continued to use the funds as the plan's default investment option." [Conlon v. The Northern Trust Company, No. 21-2940 (N.D. Ill. complaint filed Jun. 1, 2021)]

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