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Conservative Investment Strategies On Trial: Milliman Overcomes Fiduciary Breach Challenge
Encore Fiduciary 
[Opinion] June 24, 2024 "The challenge to Milliman's hedging strategy is yet another in a growing list of breach-of-fiduciary duty performance cases filed by the trial bar challenging conservative investment strategies as imprudent.... If allowed to continue, plan fiduciaries will be forced to offer higher risk, aggressive investment strategies to avoid fiduciary litigation and liability -- a perverse incentive that is not consistent with ERISA fiduciary law under which preservation of investment capital is a legitimate investment goal." [Mattson v. Milliman, No. 22-0037 (W.D. Wash. Jun. 17, 2024)] |
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