Amici Weigh In On Supreme Court Dispute Over Fiduciary Status

Mealey's (September 9, 2020, 7:35 PM EDT) -- WASHINGTON, D.C. — In amicus briefs filed July 20 and 21, respectively, the Stable Value Investment Association (SVIA) and the American Council of Life Insurers (ACLI) urged the U.S. Supreme Court to grant a June 2020 petition for certiorari by a 401(k) plan service provider adjudged by the Eighth Circuit U.S. Court of Appeals to qualify as a fiduciary (Principal Life Insurance Co. v. Frederick Rozo, et al., No. 19-1462, U.S. Sup.)....