by David Schwartz J.D. CPA | Oct 13, 2021 | All, Change Overview and Rationale, Cross-Post
The U.S. Labor Department (DOL) has proposed regulations that would greatly expand how retirement and pension plans can invest in ESG strategies and clarify the scope of ERISA plans’ responsibility for proxy voting. If adopted, the DOL’s proposal, drafted...
by David Schwartz J.D. CPA | Dec 19, 2020 | All, Cross-Post, Lender Directed Voting
On Friday, December 11, the Department of Labor (DOL) issued its final rules on proxy voting by ERISA fiduciaries. As proposed last August 30, the draft rules drew hundreds of responses by the ESG-directed investing community, many of which criticized the proposal as...
by David Schwartz J.D. CPA | Oct 29, 2020 | All, Formal Regulatory Remedies
Today the Department of Labor (DOL) issued final rules clarifying the regulatory guideposts for fiduciaries of private-sector retirement and other employee benefit plans in light of recent trends involving environmental, social, and governance (ESG) investing. The DOL...
by David Schwartz J.D. CPA | Dec 21, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
Foes of the DOL’s proposed fiduciary rule suffered a setback last week when the House of Representatives passed an omnibus spending bill omitting any measures that would have stalled, hindered, or killed the proposal. On the table during budget negotiations were...
by David Schwartz J.D. CPA | Apr 13, 2015 | All, Change Overview and Rationale, Formal Regulatory Remedies
The Department of Labor has issued its long awaited reproposal of fiduciary standards for advisors of ERISA retirement plans. These new rules propose to expand the scope of the the definition of fiduciary under ERISA in order to capture more of the current services of...
