Sectors
Foley & Lardner LLP partner Michael Abbott described how the growing use of AI tools in retirement investing presents new challenges in the Bloomberg Law article, “Retirement Plan AI Spurs Evolving Risks for Employer Sponsors.”
Abbot said that the influx of AI tools will make it even more critical for fiduciaries to document their decision-making process to guard against legal risks.
“Using an AI tool, I don’t care how good it supposedly is, but just using that is not the end of the game for engaging in a proper process,” he added.
