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DOL Rule Could Halt 401(k) Plan Social Investing in Its Tracks
Mark Miller in Reuters 
[Opinion] July 23, 2020 "[T]he proposed rule does not recognize that the current generation of socially conscious funds can deliver top-notch performance along with a dose of social progress. And importantly, the rule takes square aim at the best chance for ESG funds to take root in 401(k) plans by making it impossible for plan sponsors to offer them as the default investment option in plans -- most of which use a target-date fund that automatically reduces exposure to stocks as retirement approaches." |
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