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Not investing in ESG doesn’t make you anti-ESG
As the environmental, social and governance space evolves, we're learning that the value from an investment perspective is not always best, even if it's always good.
Opponents of DOL ESG rule violate fiduciary duty to retirement savers
In an effort to prove they're anti-woke, Republicans are ignoring risk factors that could affect returns, not to mention market signals.
Congressional rejection of DOL ESG rule casts pall over measure
The regulation is safe thanks to a pending veto of the resolution approved by the House and Senate, but the vote adds some political uncertainty for plan advisors.
Biden plans to name Julie Su as next Secretary of Labor
Su, who would become the first Asian American Cabinet secretary in Biden’s administration, would replace Marty Walsh.
Insured Retirement Institute seeks to build on SECURE 2.0 wins
The annuity sector trade association is advocating for legislation that would mandate retirement plans for small employers that don't have them, as well as bills that would increase the use of annuities.
Republicans, Democrats battle to political stasis on ESG policy
A Republican resolution to kill the DOL ESG rule could come up for a vote soon. Democrats counter with legislation to codify the regulation.
Florida court strikes down DOL guidance making rollover advice fiduciary
The American Securities Association had filed suit alleging that a DOL document improperly claimed that a one-time recommendation to transfer assets from a company plan to an IRA triggered fiduciary duty.
Fidelity readies ESG target-date series
The firm would be one of several companies providing sustainable target-date funds in the US.
Labor Secretary Marty Walsh expected to step down to take job as head of NHL players union
When Walsh will officially step down has not yet been announced but Deputy Secretary Julie Su is expected to become acting head of the agency.
Opposition to ESG might just be getting started
Some politicians see it as part of a viable platform for the 2024 presidential election.
Republican bill would end the DOL ESG rule
The effort, the latest in an overall anti-ESG push from conservatives, is largely symbolic.
DOL’s ESG rule hit with long-shot lawsuit
A legal challenge to the agency's rule on investments in retirement plans was inevitable, lawyers say.
Is the new generation of nontraded REITs really any better than the last?
Wall Street has revitalized the product, but these REITs face new scrutiny because of an old problem: Investors are demanding liquidity.
Fierce opponent of DOL fiduciary rule and defender of Reg BI to chair House subcommittee
Rep. Ann Wagner, R-Mo., will lead the House Financial Service Subcommittee on Capital Markets, which oversees the SEC and works on policies related to investor protection and capital formation.
Companies face pressure to offer ESG options in retirement plans
While a new DOL rule OKs considering ESG factors in selecting investments for 401(k)s, it may take more than that to get large employers to change their offerings.
ESG has DOL’s blessing. Here’s what can happen next in 401(k)s
Target-date funds that are sustainable or responsible are fair game now for retirement plans, but there aren't many of them.
New regulatory agenda sets April, October deadlines for SEC ESG rules
The SEC also has custody and ETF regulations to tackle, while the Department of Labor continues work on the next iteration of an investment advice rule for retirement accounts.
The ESG rule, the SEC and sustainability
If SEC Chairman Gary Gensler can engage with potential opponents while keeping advocates on the SEC’s side, ESG could score more policy wins next year.
ESG got caught between party lines
The year saw major developments in legislation and regulation that affect sustainable investing, including proposals from the SEC and a long-awaited final rule from the Department of Labor.
DOL turns its focus to next iteration of investment advice reg
Now that the agency has finalized the ESG rule, it's likely to cast a wider net to establish who has a fiduciary duty to retirement savers. A new deadline is pending.
