Fiduciary Responsibilities
Court of Appeals Focuses on Indirect Compensation
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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. Read more »
DOL Revamps ESG Guidance
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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? […] Read more »
DOL Completes Trifecta of Questionable Policies
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New DOL guidance would provide advisors with incentives to sell commissionable products. Read more »