Industry Expertise: New Guidance from U.S. Department of Labor on Social Investments

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On October 22, DOL issued new guidance on ETIs in its Interpretive Bulletin 2015-01 (IB 15-01). The new IB replaced IB 08-01 and reinstated the conclusions reached in IB 94-01 that non-economic investment considerations can play a part in fiduciary decision-making without the need to specifically document why the social aspects of an ETI do not lessen the economic benefit of the investment.