SEC proposed rule

PRESS RELEASE: IPFI Applauds SEC’s Actions Fixing the Proxy Advisory Process

November 14, 2019

FOR IMMEDIATE RELEASE November 14, 2019 IPFI Applauds SEC’s Actions Fixing the Proxy Advisory Process The Institute for Pension Fund Integrity welcomes the SEC’s latest proposed rules, which seek to restore trust and accountability to the shareholder voting process by addressing a range of negative practices rampant in proxy advisory services. Arlington, VA – Last […]

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The Hartford Courant: Those Pesky Trust Funds

September 9, 1996 | (The Hartford Courant)

Attorney General Richard Blumenthal had egg on his face when his annual disclosure statements to the State Ethics Commission showed that two minor children of Mr. Blumenthal had thousands of dollars worth of tobacco stocks in their names in family trust accounts for several years. The accounts are managed by the attorney general’s father, Martin […]

The Hill: Pensions should avoid politics and invest for the benefit of our workers

December 10, 2017 | Chris Burnham (The Hill Op-ed)

Why do public fiduciaries think they should impose their political agenda on other people’s retirement benefits? Is not the standard of care to manage public retirement funds with the highest return at the lowest reasonable risk? With more than 50 percent of all state pension funds significantly underfunded and at least five states, including my […]

Press-Republican: Cuomo ignites pension fund debate with divestment push

December 26, 2017 | (CNHI)

But the governor’s move has spawned concerns that a green energy litmus test over investment decisions could end up limiting the fund’s growth should Cuomo’s prognostications regarding energy sector stocks prove to be flawed. “The comptroller needs to stick to his guns and understand that his fiduciary responsibility is to the beneficiaries” of the fund, […]