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Sunday April 20th 2014

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Posts Tagged ‘Employee Retirement’

DOL Slams ING Life and Annuity With $5.2M Fine

DOL Slams ING Life and Annuity With $5.2M Fine

The Department of Labor announced Monday that it had reached a settlement agreement with ING Life Insurance and Annuity Co. (ILIAC) that provides for a $5.2 million payment to certain retirement plan clients adversely affected by ILIAC’s failure to disclose investment gains achieved when the company failed to process requested transactions in a [...]