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Fiduciaries

All articles tagged with #fiduciaries

Labor Department to widen 401(k) options by welcoming alternative investments
policy11 days ago

Labor Department to widen 401(k) options by welcoming alternative investments

The Department of Labor’s Employee Benefits Security Administration proposed a rule to broaden 401(k) investment options by creating process-based safe harbors that guide fiduciaries to objectively evaluate alternative assets—assessing factors like performance, fees, liquidity, valuation, benchmarks, and complexity—while staying within ERISA prudence. Aimed at more than 90 million Americans, the rule signals a neutral, rule-based approach to diversify retirement lineups and follows related executive orders and prior guidance shifts.

via U.S. Department of Labor (.gov)|
#401k#alternative-assets#erisa
DoL proposal expands 401(k) menus to include private equity and more
business12 days ago

DoL proposal expands 401(k) menus to include private equity and more

The U.S. Department of Labor unveiled a proposed rule giving 401(k) plan fiduciaries maximum discretion and flexibility to offer private equity and other so-called alternative investments (like crypto and commodities) as designated options. The rule emphasizes a neutral, prudent-evaluation process and makes clear managers can select any investment without the previous “picking winners and losers.” While it could make it easier for employers to add alternatives, they are not required to do so and must still assess performance, fees, liquidity, and other factors. Industry and political reactions are mixed (Trump supports it; Warren opposes), and even if finalized, changes may take years to affect plan menus.

via CNN|
#401k#alternative-investments#business
Florida Governor DeSantis Signs Anti-ESG Bill Targeting Investments.
politics2 years ago

Florida Governor DeSantis Signs Anti-ESG Bill Targeting Investments.

Florida Governor Ron DeSantis signed a bill that prohibits state officials from investing public money in environmental, social, and governance (ESG) goals and ESG bond sales. The legislation is one of the most extensive efforts by Republicans against sustainable investing and sends a clear political message from DeSantis, a likely presidential candidate. The law creates questions about how it will operate in practice, and fund managers could face regulatory action if they don't include enough disclaimers. The new law could also deny municipalities access to large pools of ESG-mandated capital.

via Reuters|
#esg#fiduciaries#florida