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Employee Benefits

DOL reports high support for allowing ESG investing in retirement plans

February 04, 2022 Reprints

The Labor Department’s plan to reverse a Trump-era rule and allow retirement accounts to incorporate values-themed investing strategies enjoys overwhelming public support, according to a new study of the comments filed in response to the proposal, Barron’s reports. The Labor Department’s Employee Benefits Security Administration said that 97% of the commenters on the proposal support the move to strike the ESG restrictions for retirement plans.

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DOL reports high support for allowing ESG investing in retirement plans

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