Surge in US retirement fund litigation, finds Chubb report

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Litigation against fiduciaries of US company retirement schemes have “surged” in the past few years, with legal suits filed against schemes of all sizes, warns Chubb in a new whitepaper written with Groom Law Group. The research identified retirement plan features that could make the schemes more exposed to excessive fee lawsuits, and alleges plan sponsors have failed to ensure…

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