Commentary

In Case You Missed It – The Department of Labor has Issued a Finalized Rule on ESG Investing in ERISA Pension Plans

Washington, DC – The Department of Labor has finalized and released a new rule on tax-qualified retirement plans governed by the Employee Retirement Income Security Act (ERISA) in order to codify the extent to which Environmental, Social, and Governance (ESG) considerations factor into investment decisions. As laid out in the rule, ERISA plan fiduciaries may not invest in ESG vehicles […]

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Commentary: “Pension Beneficiaries Should Celebrate The DOL’s New Investment Rule To Restore Fiduciary Responsibility”

This article originally appeared in Forbes on November 16, 2020. Pension funds, whether public or private, are under assault. Politicians, and investment managers kowtowing to politicians, want to inject all kinds of personal political decisions on the management of our retirement money. Twenty-five years ago, the flavor of the day was tobacco. Today it is […]

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Editorial: “Labor vs. the ESG Racket”

This editorial originally appeared in the Wall Street Journal on November 16, 2020. One of the stakes in who controls the Senate in 2021 is the fate of the Trump Administration’s deregulation project. A GOP Senate could block Democrats from using of the Congressional Review Act to overturn important rules. A valuable case in point […]

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SEC Shareholder Move Angers Institutions

This article, written by Brian Croce, originally appeared in Pensions & Investments on October 5, 2020. New amendments adopted by the Securities and Exchange Commission to raise the thresholds for submitting and resubmitting shareholder proposals in subsequent years has drawn the ire of investors large and small. “The amendments weaken the voice of investors and […]

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IPFI Advisory Board Weighs In on Proposed Department of Labor Rule on Proxy Advisory Firms, Provides Recommendations for Action on Robo-Voting

Institute for Pension Fund Integrity advisory board members and former pension fund officials have submitted comment letters on a proposed regulation by the Department of Labor concerning the role of proxy advisory firms in ERISA pension investment. If it is put into place, the rule would have a significant impact on the reach of proxy […]

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Ethical Investing’s Shifting Winds Force Law Firms to Be Nimble

This article originally appeared in Bloomberg Law on September 25, 2020. Companies looking to tap into the $12 trillion market for sustainable and socially responsible investments face myriad challenges—including moving targets and shifting political winds. That’s where the lawyers come in. The boom in investors looking to bankroll companies advancing certain environmental, social, and governance […]

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The SEC Takes Much-Needed Steps Toward Modernizing the Shareholder Proposal Rule

The Securities and Exchange Commission (SEC) met today to finalize proposed changes to the Exchange Act Rule, which sets standards for companies subject to federal proxy rules to include shareholder proposals in their proxy statements. These updates come in the wake of extensive work done by SEC staff to evaluate the proxy process and shareholder proposals across […]

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Commentary: The Department Of Labor Takes Much-Needed Steps Toward Ensuring Fiduciary Obligations

This article originally appeared in Forbes on September 22, 2020. The time to ensure that pension fund managers are bound by their fiduciary obligation to their beneficiaries and not by any other political motives is now. Prioritizing issues other than pure financial returns may be an acceptable strategy for individuals managing their own money or […]

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Commentary: Trump’s Labor Department Seeks to Clean Up Left-Wing Abuses of Pensions

This op-ed originally appeared in TownHall and affiliated outlets on September 15, 2020. For pension beneficiaries across the country, the recent proposals by the Department of Labor are a positive step towards ensuring that accountability and fiscal responsibility take precedence over any other considerations. Two new rules are currently being weighed. The first, for which the department […]

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