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Biden administration eases restrictions on 401(k) ESG investments


On Nov. 22, the Biden administration finalized a series of rules that will make it easier for employers to include so-called impact investment funds in their retirement plans, reports Yahoo! Finance. Specifically, the Department of Labor will no longer ban employers and advisors from considering extraneous factors such as environmental, social and governance impacts when they evaluate investment assets for an employer-sponsored retirement plan.

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