DOL’s Final ESG Rule Appears Slightly Softer Than Proposal.
“The final version of the regulation emphasizes the importance of using only ‘pecuniary’ factors in the assessment of investment options within tax-qualified retirement plans, rather than expressly limiting the use of environmental, social and governance themed investments.”
[COMMENTARY] It’s unfortunate for US retirement account investors that the current US administration is so centered on 19th century thinking concerning energy. Even with the slight weakening of the language the regulation is still a significant impediment for many asset managers to deal with. Will there be a new administration and a changed ruling?
DOL’s Final ESG Rule Appears Slightly Softer Than Proposal, John Manganaro, October 30, 2020, Planadvisor, USA.