Stable Value Funds Are Focus Of ERISA Suits Over Alleged Imprudence

( November 6, 2025, 8:32 AM EST) -- Often echoing arguments seen in recent pension risk transfer litigation concerning reinsurance arrangements and the risk of insolvency, a firm representing at least six different plaintiffs in various federal jurisdictions filed putative class Employee Retirement Income Security Act cases challenging retirement plan use of certain guaranteed income funds (GIFs) and stable value funds (SVFs) that the plaintiffs claim no prudent fiduciary would have selected and retained....