ERISA Regulations Should Address Evolving Nature of Prudence and Duty of Impartiality
The use of financially material environmental, social, and governance (“ESG”) information by pension fiduciaries in investment analysis continues to be a hot topic. On October 14, 2021, the US Department of Labor (“DOL”) issued a proposed rule entitled “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.” As the title suggests, the proposal addresses the fiduciary… Read More »