Image: Baker McKenzieUnited States: Asset Management Spotlight (March 2026 - April 2026) | Insight
• 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. • 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. • This shift aims to mitigate litigation risks for fiduciaries and encourage the inclusion of diverse asset classes in retirement portfolios.
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