What do a former assistant secretary of the Treasury in the Clinton administration, the former BlackRock CIO of sustainable investing, and the former Trump administration secretary of labor have in common? They all have sounded strong cautions on the topic of so-called ESG investing.
Environment, Social & Corporate Governance factors are presented as socially conscious investments that asset managers often use to screen potential financial decisions.
Alicia Munnell, the former Treasury official and current executive director of the Center for Retirement Research at Boston College, recently stated: “I have no respect for ESG investing. I think it’s a ploy by the financial service firms, because active management was becoming less popular and so they kind of repackaged under this umbrella.”
Accumulators: Is Your Retirement Plan on Track? morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Pennsylvanians pay extra for public pensions Joseph N. DiStefano, The Philadelphia Inquirer
In Pennsylvania, state lawmakers have had a problem common among politicians. They’ve liked to increase benefits, but didn’t like making anyone pay for them.
Popular Searches
This history of generosity has helped put Pennsylvania’s public pensions into a deep financial hole. But steps to remedy that are now catching up with state teachers and taxpayers.
Forced to cover the higher pension checks, state and local taxpayer funding for PSERS, the big retirement plan for public-school educators, has risen year after year, soaring from just over $600 million in 2010 to $5 billion this year.
Share this article
Share this article
COLUMBUS, Ohio, April 19, 2021 /PRNewswire/ Coming of age in the wake of 9/11, the Market Crash of 2008 and the Great Recession has impacted Millennials financial concerns, investing habits, and future earnings potential.
i Add a global pandemic during their prime earning years, and it s no wonder Millennial investors financial optimism declined 24 percentage points to 38% in 2020, from 62% in 2019. Yet, after weathering two once-in-a-lifetime financial crises, Millennials are clearly bucking the slacker perception, with 81% saying that they have a plan to protect themselves against outliving their savings, while 71% have a strategy to protect their assets against market risk.