DOL Paves Way for ERISA Plan ESG Investments in Final Ruling
Fortunately, the comments received consideration. On November 13, 2020, the DOL published the final rule regarding “Financial Factors in Selecting Plan Investments” (the Pecuniary Rule). The final rule no longer singles out ESG for special consideration. Instead, it draws a roadmap for fiduciaries to consider all investments, focusing on their benefit to participants rather than their type. In this paper, Bradford Campbell, a nationally recognized expert on employer-sponsored retirement plans, offers his insight and perspective on the final ruling.
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