US - The long running New York Life Insurance class action case has been brought to a close with an order for the company to pay US$14m compensation to the plaintiffs.
The case alleged New York Life's pension scheme invested employees pension savings into the company's own mutual funds, causing the plan to pay excessive management fees. According to the ruling, e...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
