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Fourth Circuit Affirms No Breach of ERISA's Fiduciary Duties for 'Cross-Selling' Efforts
Dorsey ERISA 
Aug. 23, 2023 "The Fourth Circuit recently ruled that while providing 'investment advice for a fee' implicates those duties, pitching investment services does not. It also clarified that a fiduciary's self-interest alone, without any action taken on behalf of that self-interest, is not a breach.... While the questions raised by Reetz are simple, the answers likely are not." [Reetz v. Aon Hewitt Investment Consulting Inc., No. 21-2267 (4th Cir., July 17, 2023)] MORE >> |
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