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Eighth Circuit Finds Financial Conflict of Interest Not Always Sufficient to Constitute Breach of ERISA Fiduciary Duty of Loyalty
Lewis Brisbois Bisgaard & Smith LLP Link to more items from this source
Oct. 24, 2022

"[T]his decision is a reminder to plan sponsors who offer such products in their menu of investment options to make sure at the outset that all direct and indirect compensation paid to fund managers is reasonable and in the best interests of participants." [Rozo v. Principal Life Ins. Co., No. 21-2026 (8th Cir. Sep. 2, 2022)]

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