Tag: Employee Retirement Income Security Act
The financial services industry seems exercised about the Department of Labor’s proposed rule limiting ESG investing for private pension plans covered by the Employee Retirement Income Security Act of 1974 (ERISA). The DOL states: “It is unlawful for a fiduciary to sacrifice return or accept additional risk to promote a public policy, political, or…
Candidly, I’m confused by our Department of Labor (DOL). On June 23 the DOL released a strongly worded rule for private pensions covered by the Employee Retirement Income Security Act of 1974 (ERISA) saying that: “It is unlawful for a fiduciary to sacrifice return or accept additional risk to promote a public policy, political, or…
