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Department of Labor Releases Employee Benefits and Cybersecurity Best Practices | Foster Swift Collins & Smith


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On April 14, 2021, the U.S. Department of Labor’s (“DOL’s”) Employee Benefits Security Administration (“EBSA”) issued its first cybersecurity best practices guidance for retirement plans. The EBSA guidance has been highly anticipated as the frequency and cost of data breaches affecting employee benefit plans continues to rise. The EBSA guidance focuses on actions that plan sponsors, plan fiduciaries, record-keepers, and plan participants can take.
The Employee Retirement Income Security Act (“ERISA”) imposes certain fiduciary duties on plan fiduciaries with respect to recordkeeping and the selection and monitoring of service providers. As recently as February, 2021 the Government Accountability Office urged the DOL to state whether it is a fiduciary’s responsibility to mitigate cybersecurity risks. Notably, and for the first time, the EBSA best practices guidance states that ....

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Invesco Perpetual Select Trust Plc - Half-year Report


Invesco Perpetual Select Trust Plc - Half-year Report
PR Newswire
LEI: 549300JZQ39WJPD7U596
.
UK Equity Share Portfolio
SIX
SIX
per annum
SHARE CLASS
(3.2)%
(1) Alternative Performance Measure (APM). See pages 38 to 40 for the explanation and calculation of APMs. Further details are provided in the Glossary of Terms and Alternative Performance Measures in the Company s 2020 annual financial report.
(2) Source: Refinitiv.
CHAIRMAN S STATEMENT
Investment Objective and Policy
The Company s investment objective is to provide shareholders with a choice of investment strategies and policies, each intended to generate attractive risk-adjusted returns.
The Company s share capital comprises four Share classes: UK Equity Shares, Global Equity Income Shares, Balanced Risk Allocation Shares and Managed Liquidity Shares, each of which has its own separate portfolio of assets and attributable liabilities. ....

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