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