More focus on the Department of Labor’s final fiduciary rule this week. Experts share what it means for 403(b) plans as well the positives for plan sponsors and impact on non-ERISA plans. In addition, a survey reveals what retirement plan providers are planning to do now that the rule is out, and lawmakers introduced a resolution to stop the rule’s enactment. In other news, Ken Dychtwald, CEO of Age Wave held a call with reporters and brought up some very interesting points about aging and retirement that presidential candidates should be addressing, and a couple of studies suggest Millennials need a reality check about retirement expectations. Enjoy this week’s edition of PLANSPONSOR Weekend!
The agency says the proposal seeks to emphasize that climate change and other ESG factors can be financially material and that considering these elements can lead to better long-term risk-adjusted returns.