Tag: environment social and governance
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…
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…
