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The telecommunications company argued that allegations that it failed in its fiduciary duties are misplaced and should fall to its independent fiduciary, SSGA.
This is the third case that law firm Schlichter Bogard LLP has brought against a company following a pension risk transfer with Athene in the last few months.
The American Council of Life Insurers expressed support for DOL regulation, instead of an interpretive bulletin, to address concerns about selecting an annuity provider in a PRT deal.
Following two record years for PRT transactions, LIMRA expects the trajectory to continue for the rest of 2024.
Weeks after the first pension risk transfer lawsuits were filed, one firm appears to be preparing one against Alcoa.