Investing | November 8th, 2023 Navigating ESG: the Informed ESG Investor In an uncertain regulatory environment, panelists discussed considerations for plan sponsors when evaluating whether to put ESG funds into an...
Administration | November 6th, 2023 CFA Institute-Led Group Publishes New Definitions for Responsible Investment The new definitions aim to provide language for investors that allows them to communicate their responsible investment practices accurately and...
Compliance | November 2nd, 2023 Judiciary Committee Targets Net-Zero and Decarbonization Nonprofit House Republicans have ordered the CEO of As You Sow, a shareholder representative committed to reducing carbon emissions, to testify...
Compliance | October 27th, 2023 26 State AGs Will Appeal ESG Rule Lawsuit Dismissal After their initial challenge to the DOL’s ESG rule was dismissed, the states are appealing to the 5th Circuit Court...
Compliance | October 26th, 2023 New House Speaker Mostly Unknown to Retirement Industry Industry advocates have very little to say about Mike Johnson, good or bad, but another budget showdown could reveal his...
Compliance | September 22nd, 2023 Federal Judge Rejects One of Two Challenges to DOL ESG Rule The court’s decision says that the rule does not violate ERISA, but another case in Wisconsin continues.
Data and Research | September 8th, 2023 Public Pension Plans Demonstrate Strong Support for ESG Resolutions In the 2022 proxy season, state and local pension funds showed stronger support for ESG considerations than sustainable funds and...
Compliance | September 7th, 2023 Proposed Bill Would Block ESG Use in Retirement Plans House Republicans again push to roll back ESG investing for plan participants.
Compliance | August 31st, 2023 Wagner Law Group: Climate Funds, ERISA May Co-Exist, With Prudence A fiduciary can use climate funds, as long as they ‘equally serve’ the financial interests of participants.
Compliance | August 31st, 2023 Former American Airlines Pilot Doubles Down on ESG Complaint The plaintiff responds to an American Airlines motion to dismiss by alleging he was, in fact, defaulted into ESG-related funds...
Administration | August 15th, 2023 Judge Sets Trial Date for American Airlines ESG Lawsuit The airline has sought to dismiss the litigation, but the trial could begin in late June of next year.
Compliance | August 14th, 2023 Missouri Anti-ESG Rules Pre-empted by ERISA, Lawsuit Says To the extent that they apply to pensions and other ERISA plans, the state-level regulations are pre-empted by federal law,...
Compliance | July 14th, 2023 Republicans Take Aim at Proxy Voting Firms Congressional Republicans allege that proxy firms give advice based on political preferences, not investors' financial interest.
Compliance | June 28th, 2023 House Republicans Call for More Transparency in ESG and Proxy Voting Republicans focus on the environmental aspect of ESG in a recently published report on Republican policy goals concerning investor activism.
Benefits | June 21st, 2023 Vanguard Lagged BlackRock, State Street on ESG Proposals Morningstar research examining a sample of shareholder proposals showed Vanguard opposed almost three-quarters of resolutions linked to environment, social and...
Compliance | May 22nd, 2023 Retirement Confidence Plummeted in 2023, EBRI Study Shows Among current U.S. workers, retirement confidence fell by 9 percentage points, the largest drop since a 10-point slide in 2009.
Compliance | May 11th, 2023 EBSA’s Gomez Offers Glimpse of DOL’s Thinking on ESG Rule; SECURE 2.0 Also, with the end of COVID-19 as an official public health emergency, the assistant secretary of labor wants to make...
Products | April 6th, 2023 Investment Product Launches Principal launches hybrid QDIA; Penn Mutual introduces Protection Whole Life; Xtrackers by DWS announces a new ETF; and more.
Compliance | April 4th, 2023 DOL Responds to ESG Lawsuit on Same Day Its Venue Change Motion is Denied "Texas resides everywhere in Texas," a federal judge wrote in confirming he would hear the case filed by 25 states.
Compliance | March 16th, 2023 State Anti-ESG Coalition Clarifies Policy Goals The alliance highlighted the prohibition of ESG factors in government investing decisions and the use of ‘social credit scores.’