Schlichter’s message to pension sponsors: Be very careful with PRTs
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Many pension risk transfers in recent years have gone to Athene, and two recent suits over plans' choice of the insurer suggest more cases will follow.
The most prolific 401(k) litigator has a message for companies with pensions: If you're offloading plan assets to an annuity, put the best interests of the participants first.
Earlier this week, Jerry Schlichter’s law firm filed a case against Lockheed Martin over its choice to hire Athene Annu
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