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ESG, the DOL, and the Fiduciary Imperative
Fiduciary News; registration may be required
[Opinion] June 30, 2020 "The DOL has just issued ESG guidance that emphasizes fiduciary duty when it comes to selecting retirement plan investments. The ruling doesn't discount ESG factors. It does, however, say these factors cannot be placed ahead of the financial best interests of plan beneficiaries.... The difference between this issuance and past DOL declaration is two-fold. First, it recognizes the fiduciary imperative. Second, it has staying power. This one-two punch poses concerns for those who spot the marketing attraction of placing ESG-based products in retirement plans." MORE >> |
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