In the Margins
New York Life Insurance Co. is the latest to be sued by employees for fiduciary breach in the company 401(k) plan. Current participants in two New York Life 401(k) plans filed a class-action lawsuit—Andrus et al v. New York Life Insurance Company et al—alleging self-dealing by the firm and other affiliated fiduciaries for retention of a MainStay-branded S&P 500 index mutual fund in two company retirement plans. Read the original story from InvestmentNews.
Most Read
Resignations, retirements and recruitment over the past five years have led to significant changes in the Sequoia Fund boardroom. The transformation was set in motion in ...
New data from Independent Directors Council suggests that most independent mutual fund directors did not see much of a bump in compensation in 2019, with year-on-year ...
When new members join and long-serving members leave a mutual fund board, it can be difficult to maintain a carefully honed boardroom culture. At Hartford Funds, ...
Mutual funds claiming to invest in accordance with environmental, social, and governance (ESG) principles are not short of attention of late. There is a wide variety ...