Spencer Fane attorney Greg Ash recently published an article that was featured in a special report by WealthManagement magazine on the CARES Act and other resources available for retirement plan sponsors.
The article, titled “ERISA Fiduciaries Must Monitor Market Turbulence,” addresses how the recent turmoil in the financial markets has potentially significant impact for ERISA fiduciaries.
“Individuals and committees who have investment authority over plan assets should reevaluate their portfolios in light of these developments,” Ash writes. “Circumstances may not require a change in investment strategy, but ERISA’s prudence requirement requires fiduciaries to give immediate, thoughtful consideration to how those circumstances have changed.”
To read the full article on WealthManagement’s website, please click here.