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DOL Proposal Could Chill the Use of ESG in Retirement Funds

The DOL published for public comment a proposal to update and clarify its investment duties regulation for employer-sponsored retirement plans, such as 401ks, that are governed by ERISA. It emphasizes that a retirement plan must focus on financial returns for participants. The DOL proposal could chill the use of socially responsible investments in retirement plans, experts say.

Source: (registration may be required), June 2020