The DOL adopted a prohibited transaction class exemption for persons who are fiduciaries under ERISA as a result of providing investment advice.
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The DOL adopted a final rule setting forth the duties of plan fiduciaries as to voting proxies held by the plans.
DOL amendments to the "investment duties" regulation were published in the Federal Register.
The DOL issued a final rule amending the "investment duties" regulation to provide that fiduciaries of ERISA plans must make investment decisions based solely on risk-adjusted economic value.
A DOL rule proposal that would clarify the duties of ERISA plan fiduciaries on proxy voting was published in the Federal Register.