Month: August 2016

Morgan Stanley (MS) Sued Over Alleged Mismanagement of 401(k) Plans

Posted August 22nd, 2016 by .

Categories: News.

As it appeared on The Street Sanford Heisler partner Charles Field discussed his law firm’s lawsuit against that accuses Morgan Stanley of mismanaging its own employees’ 401(k) plan. Natalie Walters NEW YORK (TheStreet) — Sanford Heisler law firm partner Charles Field appeared on CNBC’s “Closing Bell” to discuss the company’s lawsuit accusing Morgan Stanley  (MS) of […]

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Is it time for 403(b) plans to evolve?

Posted August 22nd, 2016 by .

Categories: News.

As it appears on Benefits Pro Higher education tends to use multiple retirement service providers and dozens of investment options AUG 22, 2016 | BY NICK THORNTON The recent slew of lawsuits against sponsors of 403(b) plans at some of the country’s most distinguished universities raises questions as to whether or not the allegedly imprudent practices […]

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Suits Target University Retirement Plans

Posted August 20th, 2016 by .

Categories: News.

As it appeared in the Wall Street Journal Lawsuits contend some universities’ 403(b)s are slow to streamline retirement-plan choices and to lower fees By Anne Tergesen A dozen big-name universities in the past two weeks have been hit with lawsuits alleging the retirement plans for their employees, some of which offer hundreds of investment choices, […]

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Morgan Stanley hit with $150 million 401(k) lawsuit for self-dealing and excessive fees

Posted August 19th, 2016 by .

Categories: News.

As it appeared on Investment News The wirehouse now joins a growing list of other financial-services companies sued for similar reasons By Greg Iacurci Morgan Stanley was sued Friday by a former participant in the company’s 401(k) plan for excessive retirement-plan fees and self-dealing on the part of the company, which allegedly enriched itself at […]

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L-Share Annuities: Stale Wine in a New Bottle

Posted August 5th, 2016 by .

Categories: Annuities.

Annuities are a constant subject of litigation, and for good reason. Although the companies that pitch annuities describe them as relatively simple products, they are anything but.  These are complex contracts with high fees, long lock-up periods and bewildering disclosure documents. Basically, an annuity is a life insurance policy that is bundled with a separate […]

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