On December 13, 2021, the American Retirement Association wrote to the Department of Labor to provide our views on the proposed rule entitled: “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights”, that includes climate change and other environmental, social, and governance (ESG) factors in a new prudent investment safe harbor. (more…)
On May 20, 2021, the American Retirement Association wrote to Representative Suzan DelBene (D-WA, 1st) in support of the Financial Factors in Selecting Retirement Plan Investments Act. The bill clarifies ERISA fiduciary obligations so a plan fiduciary may consider ESG factors in the selection of retirement plan investments. (more…)
On May 10, 2021, the American Retirement Association wrote to Senator Tina Smith (D-MN) in support of the Financial Factors in Selecting Retirement Plan Investments Act. The bill clarifies ERISA fiduciary obligations so a plan fiduciary may consider ESG factors in the selection of retirement plan investments. (more…)
On March 23, 2021, the American Retirement Association and Ceres wrote to the Department of Labor with concerns about the ESG Final Rule. The ARA to asked the Department to issue FAQs clarifying the ESG factors are material financial factors under the Rule and to modify the Rule to permit ESG investments in qualified default...