Tag: Department of Labor comes down hard on social investing
![Virtual screen with icons of environmental concepts on green background](https://crr.bc.edu/wp-content/uploads/2020/08/Virtual-screen-with-icons-of-environmental-concepts-on-green-background-1536x1169.jpeg)
Proposed rule says that private pension plans cannot sacrifice return for other considerations. On June 23, the Department of Labor announced a proposed rule strongly limiting ESG (or “social”) investing for private pension plans covered by the Employee Retirement Income Security Act of 1974 (ERISA). I applaud this rule. Pension fund investing is not…