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Showing 1 - 7 of 7 results for "ERISA"

Testing ESG impacts on US pension fund returns

RACHEL ALEMBAKIS  |  THURSDAY, 9 FEB 2023  |  NEWS
... are leading the suit, which alleges that the rules change violates the Employee Retirement Income Security Act of 1974 (ERISA) Administrative Procedure Act, and that the rule departs from policy put in place by the previous Trump administration ruling ...

US states sue Biden administration over "woke" ESG rules

RACHEL ALEMBAKIS  |  TUESDAY, 31 JAN 2023  |  NEWS
... are leading the suit, which alleges that the rules change violates the Employee Retirement Income Security Act of 1974 (ERISA) Administrative Procedure Act, and that the rule departs from policy put in place by the previous Trump administration ruling ...

US Dept of Labor green-lights ESG integration

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022  |  NEWS
... which ESG and climate change can be integrated into investment decisions like asset allocation and proxy voting by so-called ERISA funds, which are private workplace-based pension plans. The new rule change clarifies that a fiduciary's "duty of prudence ...

APAC investors ahead of North America on climate action: PGIM

RACHEL ALEMBAKIS  |  THURSDAY, 6 MAY 2021  |  NEWS
... regimes are quite different." Klausner pointed to the chilling effect of the Trump-era Department of Labor issuing a memo to ERISA-regulated pension funds - predominately corporate pension funds - warning them that considering ESG in their investment ...

Government to launch inquiry into financial sector and climate risk

RACHEL ALEMBAKIS  |  FRIDAY, 18 DEC 2020  |  NEWS
... feature of other countries. Earlier this year, the US Department of Labor, which regulates corporate pension funds - known as ERISA funds -proposed a controversial rule to compel pension funds to underpin any responsible investing strategy with a clear ...

Opinion: Australian super funds could benefit from US ESG policy move

RAEWYN WILLIAMS  |  THURSDAY, 24 SEP 2020  |  NEWS
... sponsoring an industry-standard approach to measuring, managing and disclosing climate change risks. US pension funds ("ERISA funds") may be equally moved to help arrest climate change, but they don't have the regulator's blessing. On 23 June, the US ...

US pension suit points to potential fiduciary risks: MinterEllison

RACHEL ALEMBAKIS  |  FRIDAY, 11 SEP 2015  |  NEWS
... alleges that Plan fiduciaries breached their duties of prudence and loyalty under the Employee Retirement Income Security Act (ERISA), by allowing the Plan to continue to invest in the sponsoring coal company's stock when it was imprudent to do so. While ...
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