Returns Must Be 1st Priority In ERISA Investing: DOL

Law360, New York (October 16, 2008, 12:00 AM EDT) -- As Americans continue to fret over the safety of their retirement savings, the U.S. Department of Labor has issued new guidelines under the Employee Retirement Income Security Act clarifying the obligations of plan fiduciaries when considering shareholder rights and investments in economically targeted investments.

Economically targeted investments are investment decisions that are based on factors other than how the investment will benefit the plan, and such decisions are rarely allowed, the department said in two new bulletins published in Friday's Federal Register.

Such investments could include...
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