Tag: environment social and governance
Telling fiduciaries of private plans to steer clear, but Board of TSP to avoid Chinese stocks. 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…
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…
