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Self Interested Rollover Advice and ERISA's Fiduciary Obligations

In Carfora v. Teachers Ins. Annuity of America, the court held a service provider for employer sponsored retirement plans was not liable as fiduciary under ERISA when using participant information to encourage roll over assets into its more expensive account program.
United States Defendant Teachers Annuity Association Of America Institutional Services District Court Department Of Labor New York

WSFS Reports 3Q 2022 EPS of $1.16, ROA of 1.44%; Reflects Expanded NIM of 3.99%, Diversified Loan Growth, and Fee Revenue at 26.1% of Total Net Revenue

WILMINGTON, Del., Oct. 24, 2022 -- WSFS Financial Corporation , the parent company of WSFS Bank, today announced its financial results for the third quarter of 2022. Selected quarterly financial... | October 24, 2022
United States New Jersey City Of United Kingdom Dominicc Canuso Rodger Levenson

Deference Declined: Fiduciary Status For Rollovers Not A Given And New Developments In Uses Of Plan-Related Data Under ERISA - Employee Benefits & Compensation

A September 27, 2022 decision by the Southern District of New York addresses several key theories recently advanced by the plaintiffs' bar in ERISA-based lawsuits against plan service...
New York United States Institutional Services District Court Annuity Association Of America Southern District
Source: mondaq.com

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Deference Declined: Fiduciary Status for Rollovers Not a Given and New Developments in Uses of Plan-Related Data Under ERISA | Groom Law Group, Chartered

A September 27, 2022 decision by the Southern District of New York addresses several key theories recently advanced by the plaintiffsโ€™ bar in ERISA-based lawsuits against plan service...
New York United States Groom Law Group Institutional Services District Court Annuity Association Of America

O Brien Greene & Co. Inc Has $6.87 Million Stock Position in Northern Trust Co. (NASDAQ:NTRS)

O Brien Greene & Co. Inc lifted its position in shares of Northern Trust Co. (NASDAQ:NTRS – Get Rating) by 3.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,005 shares of the asset manager’s stock after buying an additional 1,860 shares during the quarter. Northern […]
Morgan Stanley Parkside Investments Northern Trust Quarter For Northern Trust Credit Suisse Group Deutsche Bank Aktiengesellschaft

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