“The U.S. Supreme Court ruled last week in the unanimous 8-page decision, Tibble v Edison, stating that employers have a duty to protect workers in their 401(k) plans from mutual funds that perform poorly or are too expensive.  Monday’s unanimous ruling sends a warning to employers that they now must improve their plans, as it is now an obligation to project employees. This comes just in time for the next step: government to seize private funds and prosecute employers who poorly chose a fund manager.  This ruling will have a dramatic impact upon investment management.  It sets the stage to justify government seizure of private pension funds to protect pensioners.”

http://www.armstrongeconomics.com/archives/30875

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