Senate Joins House in Refuting DOL’s ESG Rule
A resolution to nullify the DOL's rule permitting ESG investing in retirement plans will now go to President Joe Biden,...
Tag: ESG
House Passes Resolution to Repeal DOL 401(k) ESG Rule
The resolution catalyzes the debate over whether to allow ESG investing considerations in retirement savings plans, with the Senate next...
Biden To Nominate Su for Secretary of Labor
Deputy Secretary of Labor Julie Su has been selected to replace the outgoing Marty Walsh, but Senate confirmation may bring...
Survey: Financial Advisers Not Optimistic About Future of ESG Investing
Political tensions around ESG, furthered this week with a presidential candidate running in part on anti-ESG sentiment, are turning off...
Embattled DOL ESG Rule Receives Democratic Congressional Support
A DOL rule permitting ESG considerations in retirement plan investing has been challenged by two separate lawsuits. House Democrats are...
Legal Complaint Says DOL’s ESG Rule “Jeopardizes” Retirement Savers
A second lawsuit in less than a month has been brought challenging the legality of the DOL’s rule concerning ESG...
CAPTRUST Survey Shows Nonprofits Ignore Benefits of Select Investments
New research shows organizations often overlook alternative assets, ESG and DEI.
Putnam Adds Sustainable Retirement TDFs
Putnam brings its first ESG-focused target-date series to defined contribution plans, with plans for further choice, personalization.
Morningstar, PAi Follow DOL Rule with ESG-Driven Pooled Employer Plan
Third-party administrator PAi has teamed up with Morningstar to offer small and medium-sized businesses an employer retirement plan with an...
Republican States Challenge DOL ESG Rule in Court
A 2022 DOL rule clarifying that ESG strategy can be used in fiduciary decisions was challenged by 25 states in...
States’ Suit Could Delay DOL Rule on ESG Investing
Rule to permit ESG considerations is due to take effect on Monday, but a federal lawsuit aims to derail it.
Investment Product and Service Launches
Vanguard offers multi-sector income bond fund; Hub starts HR technology consulting practice; Vestmark launches six direct-index separately managed accounts; and...
Investment Service and Product Launches
Fintech Save starts ESG-focused savings program; ConsumerTrack now officially GoBankingRates; Bitget launches new crypto trading platform; and more.
Investment Service and Product Launches
Ameriprise testing retirement income planning service; Vanguard adds short-term tax-exempt bond ETF; Franklin Templeton starts ClearBridge sustainable infrastructure ETF; and...
Senator Braun and Congressman Barr Resolve to Overturn “Woke” ESG Rule
The two legislators introduced a resolution Thursday that would invalidate the DOL’s new rule permitting ESG in retirement plans. It...
Retirement Industry People Moves
Northern Trust makes key fund hires; Edelman Financial Engine buys California-based retirement advisory; Prime Capital Partners with PFS to enter...
Investment Service and Product Launches
John Hancock launches equity income portfolios; RBC launches U.S. mutual funds with exposure to global markets; FundFront unveils third liquid...
Democrats Suggest SEC Should Reform Scope 3 Climate Disclosure Proposal
Scope 3 disclosure requirements are losing support in Congress.
Vanguard’s Defection from Net-Zero Group Further Clouds ESG Investment Commitments
Vanguard left a net-zero asset manager initiative this week in a move emphasizing the different paths financial firms are taking...
Investment Service and Product Launches
Preqin brings benchmarking to “opaque” alternative assets market; Fortress start new alternative asset investment division; Pimco fund taps private and...