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Showing 1 - 10 of 28 results for "Department of Labor"

Laws to limit US pension plans' use of ESG pass

JAMIE WILLIAMSON  |  FRIDAY, 16 JAN 2026
... saving for a brighter future." In December, US President Donald Trump issued an executive order directing the Department of Labor to "strengthen ERISA fiduciary rules and increase fiduciaries' transparency regarding their use of proxy advisors" to ...

SEC slams proxy adviser 'oligopoly,' urges AI use

KARREN VERGARA  |  MONDAY, 12 JAN 2026
... director of the SEC's division of investment management, said the sector has thrived since 1988, when the Department of Labor released its "Avon Letter." In it, the department asserted that "the fiduciary act of managing plan assets that are shares of ...

Trump signs order to open 401(k)s to private markets

JAMIE WILLIAMSON  |  FRIDAY, 8 AUG 2025
... allow alternative assets, including cryptocurrencies, into 401(k) plans. The order calls for a review of the Department of Labor's guidance on fiduciaries' duties in relation to alternative assets in 401(k) plans governed by the Employee Retirement Income ...

ESG impacts on US pension funds tested

RACHEL ALEMBAKIS  |  MONDAY, 13 FEB 2023
... state's fund management practices. Twenty-five American Republican state attorneys general are suing the US Department of Labor to halt new rules that would allow US-based retirement plans to consider ESG factors in their investment processes. Texas ...

Strengths and weaknesses in DC systems: Comparison

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
... social security, the treasury, comptroller of the currency, the consumer financial protection bureau and the department of Labor which oversees ERISA-regulated retirement finance. In Congress, there are also multiple committees overseeing financial services ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... creation that helps its clients meet their investing needs." News of the settlement came just hours after the US Department of Labor allowed US-based retirement plans to consider climate change and other ESG factors in their investment processes. The ...

Pension funds apply pressure on climate change

ELIZABETH MCARTHUR  |  THURSDAY, 23 JUL 2020
... letter was also signed by a number of not for profit organisations and individuals. It comes after the US Department of Labor sought to restrict the rules on how pension funds invest so that they would "not too readily treat ESG factors as economically ...

US considers restricting ESG in pensions

ELIZABETH MCARTHUR  |  WEDNESDAY, 22 JUL 2020
The US Department of Labor (DOL) is considering imposing strict rules on how pension funds invest, which could see the scope for ethical and responsible investing limited. The DOL has proposed an amendment to the Employee Retirement Income Security ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... planet has found itself in these days of the coronavirus pandemic. For right on the eve of "Labor Day", the US Department of Labor reports that more than 30 million Americans - around 18% of working population - applied for unemployment benefits in the ...

US faces deepest recession on record

ALLY SELBY  |  FRIDAY, 3 APR 2020
... could send the unemployment rate as high as 15.6%, much higher than in previous downturns." According to the Department of Labor, nearly all claims cited the spreading coronavirus as the reason for their unemployment. "The COVID-19 virus continues to ...
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