New rules for retirement savings investments: prioritizing financial returns
New rules state that those managing your retirement savings must choose investments primarily based on how they affect your account's risk and return. Non-financial factors can only be considered in specific situations, aiming to ensure your retirement money grows as effectively as possible.
Key points
Retirement fund managers must select investments primarily based on their potential financial return and risk.
Non-financial factors can only be used to choose an investment if financial factors are similar, and this requires documentation.
Investments considering non-financial factors can be available in plans with a wide range of options, but not as the default investment option.
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