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Undoing Ill-Advised DOL Rules from 2008 Would Improve Fiduciary Standards
Joshua Gotbaum, in Pensions & InvestmentsLink to more items from this source
[Opinion]
Aug. 24, 2015
"In the past seven years, some institutional investors have asked the DOL to withdraw the 2008 guidance, so that ERISA fiduciaries can return to using their own professional judgment about when to exercise their rights as shareholders and when and how to take environmental, social and governance factors into account. The DOL has not yet responded to these requests. But at a time when the department is trying to show that it can apply fiduciary standards in ways that keep pace with professional practices, now might be a good time to do so."

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