Posts in “Fiduciary Responsibilities”

Court of Appeals Focuses on Indirect Compensation
Recent court decision reiterates that provider fees are reasonable only of fiduciaries understand all income received by a provider as the result of providing services to a plan.

DOL Revamps ESG Guidance
The U.S. Department of Labor has issued new final regulations, revising regulations adopted in 2020, that attempt (once again) to clarify how plan fiduciaries can consider the use of environmental, social and governance factors (“ESG”) in making plan investment decisions. The final regulations also contain guidance on fiduciary considerations in proxy voting. Why the Fuss? […]

DOL Completes Trifecta of Questionable Policies
New DOL guidance would provide advisors with incentives to sell commissionable products.