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...
Tag: ESG
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...
Adviser Product Partnerships
Schwab partners with Envestnet for cloud-based billing solution; AICPA and CIMA launch ESG fundamentals program for accountants; ShareBuilder 401k Waives...
SEC and Goldman Sachs Settle for $4 Million for ESG Policy Infractions.
GSAM did not follow its own policies in selecting funds with ESG label despite appealing to those policies in promotional...
SEC Climate Disclosure Rules Find Republican Opposition in Both Houses
An SEC proposal to require certain disclosures related to climate change and carbon emissions is facing Republican opposition in the...
Fitch: SEC “Crack Down” on ESG Greenwashing to Continue
Retirement plan advisers should be aware both of SEC charges against those offering ESG funds, as well as the new...
What Do the Mid-Terms Mean for ESG and SECURE 2.0?
ESG-minded investors have cause for concern, as Republicans prepare to take control of the House.
DOL Rule Greenlights ESG, But Questions Remain
The new final rule seeks to make ESG permissible for ERISA plans, but specific use will still need to play...
Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
DOL's final rule clears regulatory hurdles for retirement plan fiduciaries to implement, or ignore, ESG investing.
Adviser Product Partnerships
DPL partners with Corebridge Financial on RIA advisory annuity solutions; Fidelity Institutional enhances adviser technology; Choreo partners with Pontera on held...
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
The DOL announced a final rule that retirement plan fiduciaries can consider climate change and other ESG factors when selecting...
Alternative Asset Managers Release Tool for ESG Disclosure
The ESG Integrated Disclosure Project is intended to provide a standard format for ESG-related disclosures and to offer companies a baseline...
Top ESG Focus Areas for Big Investors Are Labor Rights, Gender Equality
Institutional investors in Q3 are not overwhelmingly focused on climate issues, with 41% considering social and governance concerns, according to...
Expert Panel: The Economic and Political Sides of ESG
Experts caution against including political values in investment strategy, but explain that ESG is not a political agenda.
ESG Industry Put on Notice by Congressional Republicans
ESG investment strategy and the businesses around it has been sharply criticized and challenged by Republican leaders on all levels...