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Our Tech & Sourcing @ Morgan Lewis blog, which covers issues relevant to technology, outsourcing, and commercial transactions, has posted about Claims by Vendor Personnel in Outsourcing Deals: Mitigating the Customer’s Risk.
If your plans have separately managed accounts, do you know if those managers are authorized to trade derivatives? Certain types of investment strategies, including many of those commonly used by employee benefit plans, may involve the use of swaps, futures, commodities, and other derivatives (we’ll refer to these types of instruments collectively as “derivatives”).
More than a dozen class action lawsuits have been filed alleging fiduciary breaches in the management of 403(b) retirement plans of leading universities. The suits claim, among other things, that participants paid excessive fees and that the investment lineups were sub-optimum.
Join Morgan Lewis in September for these upcoming programs on a variety of employee benefits and executive compensation topics
There continue to be developments on the Department of Labor’s (DOL’s) fiduciary rule. Recently, additional fiduciary rule transition FAQs were published, providing guidance on 408(b)(2) disclosure issues and when communications on plan or IRA contributions do not constitute fiduciary investment advice.
The US Department of Labor (DOL) released its “Request for Information Regarding the Fiduciary Rule and Prohibited Transaction Exemptions” on June 29. Highlights from the RFI include the following: