DOL working on additional ESG, lifetime income guidance, rules Bloomberg More guidance and rule-making initiatives from the Department of Labor's Employee Benefits Security Administration are expected this year on a host of issues, including lifetime income, environmental, social and governance investing and fiduciary investment advice. Ali Khawar, acting assistant secretary for EBSA, provided an overview of the work taking place under the new administration during a webinar Thursday hosted by American Savings Education Council — the Employee Benefit Research Institute's non-profit foundation. In March, the Labor Department said it would not enforce two rules — one called "Financial Factors in Selecting Plan Investments," which stipulates that ERISA plan fiduciaries cannot invest in "non-pecuniary" vehicles that sacrifice investment returns or take on additional risk; and the other, "Fiduciary Duties Regarding Proxy Voting and Shareholder Rights," which outlines the process a fiduciary must undertake when making decisions on casting a proxy vote — promulgated under the Trump administration.