In 2022, Benefit Plans Must Act On Cybersecurity, ESG

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By Ivelisse Berio LeBeau (January 10, 2022, 5:07 PM EST) — Changing times define changing fiduciary responsibilities.

In the wake of erratic and dramatic weather events ushering in the third year of a global pandemic that has left many toiling away at home computers, employee benefit plan fiduciaries and service providers are tasked with shoring up benefit plan cybersecurity and considering whether and how to integrate environmental, social and governance, or ESG, factors in benefit plan investing.

As explained below, they do so in the shadow of developing U.S. Department of Labor guidance that has raised many unanswered questions.

Fiduciaries and service providers, however, don’t have time to wait for the DOL…

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