DOL finalizes ESG investing rule
The Department of Labor finalized a new rule regarding environmental, social and governance investing and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.
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ABA to DOL: ERISA affords retirement savings sufficient protections from climate-related financial risk
In a comment letter responding to a Labor Department request for information, ABA said it is not necessary for the agency to take any regulatory action related to climate-related financial risk or other risks associated with climate change.
ABA applauds DOL’s delay of proposed changes to Form 5500
The American Bankers Association thanked the Department of Labor for deferring regulatory action on the Schedule H reforms proposed by the department in its recently finalized revisions to Form 5500,
ABA requests withdrawal of DOL guidance on cryptocurrency investments
In a letter to the Department of Labor this week, ABA and several financial and retirement trade groups requested that the DOL withdraw regulatory guidance that intends to discourage plan investment options in cryptocurrencies and other digital assets.
ABA Recommends Changes to DOL’s Proposed Revisions to ESG Investing Rule
The American Bankers Association today wrote to the Department of Labor in support of the agency’s revisions to its investment duties regulation that include consideration of environmental, social, and governance investment factors and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.
ABA Urges Labor Department to Delay Proposed Changes to Form 5500
The American Bankers Association today urged the Department of Labor to delay proposed changes to Form 5500, which reports annual information about the operation, funding, assets and investments of pensions and other employee benefit plans.
DOL Proposes New Set of ESG Investing Rules; Offers Clarity to Fiduciaries
The Department of Labor today issued a proposed rule regarding the environmental, social or governance investing and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act.
Department of Labor Issues Adviser, Investor FAQs on Fiduciary Investment Advice
The Department of Labor on Tuesday released frequently asked questions for advisers and investors on fiduciary investment advice.
Department of Labor Issues Cybersecurity Guidance
The Department of Labor’s Employee Benefits Security Administration today issued long-anticipated guidance on cybersecurity and best practices for protecting retirement benefits.
Department of Labor to Revisit ESG, Proxy Voting Final Rules
In response to concerns raised by industry stakeholders including the American Bankers Association, the Department of Labor will revisit its recent final rules regarding environmental, social or governance investing and a fiduciary’s proxy voting activity under the Employee Retirement Income Security Act