‘No reason’ to stop US pension plans from choosing ESG default funds, says long-awaited DoL proposal

US Department of Labor unveils plans to ditch Trump-era rules that limit how workplace pensions can address ESG issues

The US Department of Labor (DoL) had today put forward a proposed rule that would remove Trump-era obstacles preventing US workplace pension schemes from considering ESG when investing, including using ESG funds for their default strategies. 

In its proposal Prudence and Loyalty i…

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