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DOL Warns Retirement Managers About Personal Fairness’s Dangers

Share this…FacebookPinterestTwitterLinkedin By Kellie Mejdrich (December 22, 2021, 4:28 PM EST) — The U.S. Division of Labor warned retirement managers…

By Staff , in Investments , at December 23, 2021



By Kellie Mejdrich (December 22, 2021, 4:28 PM EST) — The U.S. Division of Labor warned retirement managers of outlined contribution plans like 401(ok)s towards making investments in personal fairness if they do not perceive the potential pitfalls, citing attainable confusion about Trump-era steering from summer time 2020.

The Worker Advantages Security Administration issued a supplemental assertion Tuesday trying to make clear an data letter revealed in June 2020, a transfer the DOL’s worker advantages arm stated stemmed from considerations the company had heard over the previous yr.

“The Supplemental Assertion emphasizes the restricted focus of the Data Letter as a response to giant plan sponsors who supply each outlined profit plans and participant-directed…

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