The US Labor Department is trying to avoid weighing in favor or against environmental, social, and corporate governance issues in employer-sponsored retirement plans, according to a top benefits regulator.
A proposed benefits enforcement rule that would revoke a Trump-era regulation making it harder for retirement plans to invest in ESG funds is intentionally neutral on the merit of those investments, Acting Assistant Secretary for Employee Benefits Ali Khawar said at an Insured Retirement Institute conference Thursday.
“One of the things that we viewed the Trump administration rulemaking as doing was taking this issue and really putting a thumb on the ...
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