Tag: Department of Labor comes down hard on social investing

Virtual screen with icons of environmental concepts on green background

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 the place to solve the ills of the world.  ESG investing – whic…