DOL amendments to the "investment duties" regulation (29 C.F.R. 2550.404a-1) under the Employee Retirement Income Security Act of 1974 ("ERISA") were published in the Federal Register. The amendments - which require fiduciaries of plans subject to ERISA to make investment decisions based solely on risk-adjusted economic value - go into effect on January 12, 2021.
As previously covered, the DOL final rule is intended to provide a clear regulatory structure for ERISA Plan fiduciaries in light of recent trends relating to environmental, social and corporate governance investing.
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