Compliance
American Airlines Files Motion to Dismiss 401(k) ESG Complaint
The airline argued the case should be dropped partly because the ESG funds in question were not in the 401(k) plans’ core menu.
Compliance
Plaintiff Drops Fidelity, Financial Engines from American Airlines ESG Lawsuit
The plaintiff voluntarily dismissed the two of four defendants from the lawsuit that claims ESG factors were considered ahead of returns.
Compliance
Investing
Investing
Pilot Sues American Airlines Due to ESG 401(k) Investing Strategy
The retirement committee, recordkeeper Fidelity Investments and financial advice provider Edelman Financial Engines were accused of sacrificing fiduciary duty to pursue ‘leftist political agendas.’
Many View New DOL ESG Ruling as an Incentive to Sponsors
More retirement plans could begin offering environmental, social and governance funds in their lineups.
More Advisers Expect Increased ESG Demand
Already, 18% are incorporating environmental, social and governance funds into their practices.