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August 28th, 2020 Information & Insights for the 403(b) Community DOL Letters Seen as Further Effort to Restrict Use of ESG in Retirement Plans Before it published a proposed rule, the DOL sent letters to plan sponsors about ESG investment practices. Sources share thoughts about what the effort means. Workers Continue to Take Withdrawals From Retirement Accounts An American Consumer Credit Counseling (ACCC) report found 23% of employees are also increasingly unconfident in the economy. Ask the Experts Email amy.resnick@issgovernance.com with subject line “Ask the Experts.” The Future for ESG Investing in Retirement Plans The DOL says ESG integration cannot propel financial advancement. Experts say the department is wrong; plan sponsors just need education on implementation. DOL to Hold Hearing on Investment Advice Proposed Rule The DOL said it received several requests for a hearing during the comment period and commenters expressed interest in its proposed ERISA prohibited transaction exemption. Did someone forward you this newsletter? Sign up here to get (b)lines directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850