ESG hit Senate resistance recently, but the fight is far from over! Now, Fred Barstein submits his update to the issue via WealthManagement.com.
Proposed regulation would permit retirement plans to consider ESG factors which could possibly be in direct conflict with the best financial interests of plan participants and beneficiaries.
ERISA is being tested, and the role of “Government in Investing” is coming to light. This highly contested issue is one of Fred Barstein and WealthManagement.com’s Top Stories of the Week!
ESG has become a lightning rod for plan participants, their beneficiaries and plan fiduciaries. Unfortunately, investing in retirement has become a highly contested issue and has been on the radar of the current administration and the two prior administrations. The days of Total Return and Retirement Readiness have become hijacked by a zero-sum attitude that has developed on both sides of the aisle.
