Pension Fund Abuse

Law360, New York (January 23, 2008, 12:00 AM EST) -- Virtually every blue-collar government worker has retirement funds invested in a pension fund; however, probably 99% of those employees have no idea as to what a pension fund is or how those funds are invested.

This article discusses the nature of pension funds, how they are set up and how the consultants and investment managers are selected. In this context, this article will also discuss the existence of pension fund abuses, including substantial conflicts of interest that exist with the consultants hired to manage these funds...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.