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Plan sponsors have fiduciary obligations: SCOTUS

In a case that is expected to send shock waves through the US workplace superannuation market, the US Supreme Court has agreed that 401(k) sponsors have a fiduciary obligation to not just monitor their funds but remove underperforming or excessively expensive investments.

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Read more: US Supreme CourtAustraliaAPRACommon LawEdisonJason C RobertsMember Direct OptionsPension Resource InstituteRegulatoryTibbleTrust LawUS District CourtUS news service InvestmentNews