Image: Baker McKenzieUnited States: Asset Management Spotlight (March 2026 - April 2026) | Insight
β’ The US Department of Labor (DOL) has proposed new regulations under ERISA to clarify fiduciary duties of prudence regarding the selection of designated investment alternatives. β’ The proposal establishes a process-based safe harbor for fiduciaries, specifically those incorporating alternative asset exposure, to prioritize decision-making processes over final investment outcomes. β’ This shift aims to mitigate litigation risks for fiduciaries and encourage the inclusion of diverse asset classes in retirement portfolios.
bakermckenzie.com
