DOL's New Rule on ERISA Investment Duties and Its Relationship to ...

The New Rule becomes effective January 30, 2023, and replaces and modifies parts of the DOL's 2020 regulation entitled, “Financial Factors in Selecting Plan ...

Final Rule on Prudence and Loyalty in Selecting Plan Investments ...

These amendments addressed plan fiduciaries' ERISA obligations when voting proxies and exercising other shareholder rights in connection with plan investments ...

Department of Labor Releases New ERISA Fiduciary Rule | Insights

The DOL has finalized amendments to several PTEs to eliminate coverage of compensation arising from fiduciary investment advice. These ...

The DOL's Final Investment Advice Fiduciary Rule Is Here | Locke Lord

In its latest attempt in a fourteen-year old quest to update the circa-1975 definition of a fiduciary who renders “investment advice for a ...

Fact Sheet: Retirement Security Rule and Amendments to Class ...

On April 23, 2024, the U.S. Department of Labor released the Retirement Security Rule defining who is an investment advice fiduciary for ...

Labor Department Finalizes Investment Advice Fiduciary Rule ...

While the Final Rule may be narrower than the previous iteration(s), it will still result in more market participants being subject to ERISA's ...

What plan sponsors should know about DOL's final fiduciary rule

A new Department of Labor (DOL) regulation expands the scope of fiduciary investment advice under ERISA.

A Guide to the DOL's New Investment Advice Fiduciary Rule Proposal

Section 406(b) of ERISA and Section 4975(c) of the Code prohibit (among other things) investment advice fiduciaries from receiving compensation ...

Here We Go Again: DOL Proposes New Fiduciary Rule - K&L Gates

The Proposed Rule is DOL's fourth try since 2010 to expand investment advice fiduciary status. The first attempt was abandoned due to industry ...

DOL Final Rule on ESG Factors to Take Effect February 1, 2023

The Final Rule clarifies the application of ERISA's fiduciary duties of prudence and loyalty to the selection of plan investments that ...

Prudence and Loyalty in Selecting Plan Investments and Exercising ...

The Department of Labor (Department) is adopting amendments to the Investment Duties regulation under Title I of the Employee Retirement ...

ESG Investing After the DOL Rule on “Prudence and Loyalty in ...

Under both the 2022 Biden Rule and the 2020 Trump Rule, therefore, an ERISA fiduciary may consider only financial risk-and-return considerations ...

DOL Finalizes Latest Iteration of ESG & Proxy Guidance

The DOL originally issued the proposed regulations in October 2021 in response to its concern that the 2020 final regulations created uncertainty for ERISA ...

DOL's Final Rule on Investment Duties of ERISA Fiduciaries and Its ...

The Final Rule clarifies that ERISA's duty of loyalty, which requires a fiduciary to act solely in the interest of plan participants and ...

DOL'S Final Rule Gives ERISA Fiduciaries Green Light to Consider ...

Finally, the 2022 Final Rule eliminates the specific monitoring obligations with respect to use of investment managers or proxy voting firms, ...

DOL Final Rule Embraces Principles-Based Approach to ESG ...

The Final Rule is largely consistent with the DOL's 2021 proposal, but the changes it has adopted should make it significantly easier for ERISA ...

ESG Investing and Proxy Voting: DOL's New Final Rule - K&L Gates

The Rule also addresses fiduciary duties when voting, or determining when to vote, proxies. The effective date of the Rule is 30 January 2023, ...

The ERISA Edit: ESG Rulemaking Withstands States' Challenge

We previously discussed the suit here. The amendments modified DOL's long-standing Investment Duties regulation, first issued in 1979, outlining ...

DOL Reframes ESG Investing and Proxy Voting for ERISA Fiduciaries

While the 2020 Rule did not negate the fiduciary duties applicable to proxy voting and the exercise of other shareholder rights, some viewed the ...

DOL Final Regulation Eases Path for ERISA Fiduciaries to Consider ...

In 2020, at the end of the Trump administration, the DOL issued regulations on ESG and proxy voting (the “2020 Regulations”) requiring ERISA ...