US - A class action has commenced against the Federal National Mortgage Association (Fannie Mae) for alleged violations of the Employee Retirement Income Security Act (ERISA).
The complaint alleged that certain defendants, each having certain responsibilities regarding the management and investment of the plan's assets, had breached their fiduciary duties to the plan and represented people by failing to prudently and loyally manage the investments in company securities.
The breach was alleged to be caused by certain defendants continuing to invest plan assets in Fannie Mae common stock when it was imprudent to do so and maintaining the plan's pre-existing investments in Fannie Mae equity, when company stock was no longer a prudent investment for the plan.
Professional Pensions is looking to update its list of pensions master trusts in the UK ahead of authorisation. Can you help?
RPMI Railpen is in the next step in the journey towards achieving cost disclosure. Victoria Bell tells Stephanie Baxter about taking part in the Cost Transparency Initiative's pilot phase
Interserve's numerous defined benefit (DB) schemes have retained a sponsor link after the company entered into administration and was sold.
Chris Hannon has been named chairman of the Railways Pensions Trustee Company after a unanimous vote of approval from its board last week.