A class action suit filed in the UK on 29 December 2015 could support the case for active fund management . The case against Anthem Inc , a US healthcare company founded in the 1940 ’s , criticises fiduciaries of the Anthem 401(k ) plan for choosing several funds offered by Vanguard , a pioneer of low - cost investing . Fiduciaries may have been swayed by a series of lawsuits A new 401(k) class-action lawsuit alleging a fiduciary breach in part for excessive Vanguard Group fund fees could, ironically, support the position of actively managed investment funds in retirement plans. the healthcare ) industry has faced over the last several years , which have focused on excessive investment management and record keeping fees , and this case may see them reviewing the way they fulfil their obligations . Jason Roberts , CEO of the Pensions Resource Institute says the case bodes well for active management , whether it sticks or not , as it raises the importance of value rather than simply looking at fees in a vacuum .
A class action suit filed in the UK on 29 December 2015 could support the case for active fund management . The case against Anthem Inc , a US healthcare company founded in the 1940 ’s , criticises fiduciaries of the Anthem 401(k ) plan for choosing several funds offered by Vanguard , a pioneer of low - cost investing . Fiduciaries may have been swayed by a series of lawsuits the healthcare ) industry has faced over the last several years , which have focused on excessive investment management and record keeping fees , and this case may see them reviewing the way they fulfil their obligations . Jason Roberts , CEO of the Pensions Resource Institute says the case bodes well for active management , whether it sticks or not , as it raises the importance of value rather than simply looking at fees in a vacuum .