Page 7 - Selecting Plan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: President Biden nominated Marty Walsh, Mayor of Boston, as Secretary of Labor, and as his nomination remains pending, questions arise on what changes will be made regarding ERISA fiduciary rules that were established under the Trump Administration. One rule that will likely be reviewed, and possibly changed, is a final rule regarding the “environmental, social and governance” (ESG) factors used by fiduciaries to determine Employee Retirement Income Security Act (ERISA) investments. These factors continuously have been reviewed b...

If confirmed, Secretary of Labor nominee Marty Walsh plans to re-examine ESG and proxy voting rules finalized by the Trump administration.

Plan sponsors’ view of participants’ investment sophistication and recent regulations could have something to do with it.

  The apparent sweep of a pair of Georgia U.S. Senate races opens the door for Democrats to eliminate a host of regulations passed by the Donald Trump administration. In particular, the Department of Labor passed several rules that might not survive. The vehicle to erase rules is the Congressional Review Act. In an ironic twist, the CRA had been a little-used legislative tool until Trump was elected in 2016. Washington Post reporter Dave Weigel noted the potential for Democrats to deliver payback: The CRA gives Congress a short window to review and overturn federal rules. From 1996 to 2017, ...

Labor rule on ESG already trimming fund options for retirement plans Some retirement plan advisers have cut green investing options from 401(k) plans following Trump's last-minute rule change. January 27, 2021 3 MINS The clock is ticking for the Biden administration to nullify Donald Trump’s restrictions on retirement plan fiduciaries, rules by which the Republican sought to limit their ability to direct money into environmental, social and governance funds. Trump’s Department of Labor moved earlier this month to adjust the Employee Retirement Income Security Act...