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DOL Amends Investment Duties Rule for Selecting Investments
Voya Link to more items from this source
[Guidance Overview]
Nov. 6, 2020

"While the original Duty of Prudence Safe Harbor was retained, the final rule expands the meaning of giving 'appropriate consideration' to certain facts and circumstances.... The final regulation requires a fiduciary to evaluate investments based solely on 'pecuniary' factors (e.g., financial, economic, monetary, etc.), subject to the 'tie breaker test' ... The regulation includes special rules for investment funds in a participant directed defined contribution plan."

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