Biden team to review Labor Department ESG Rule

Link: https://www.pionline.com/regulation/biden-team-review-labor-department-esg-rule

Excerpt:

The Biden administration will review a recent Department of Labor rule stipulating that ERISA plan fiduciaries cannot invest in “non-pecuniary” vehicles that sacrifice investment returns or take on additional risk.

Author: Brian Croce

Publication Date: 21 January 2021

Publication Site: Pensions & Investments