403(b) plans ahead of 401(k)s on ESG, retirement income
Participation in 403(b) plans went up during the pandemic, to over 77% of eligible employees in 2020, compared with less than 77% in 2019 and 72% in 2018, according to PSCA.
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Morningstar jumps into PEPs market with ESG plan
Morningstar and Plan Administrators Inc. are planning to launch the pooled employer plan early next year, pending a final rule on environmental, social and governance factors from the Department of Labor.
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ESG would get massive boost from DOL proposed 401(k) rule
ESG factors can be financially material, the DOL noted. And when they are not, they can be used in a tie-breaker between similar investments.
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Labor Department issues ESG rule proposal for 401(k)s
The proposal seeks to clarify that ESG factors can be financially material. It also specifies that such investments can be used as part of the default investment options in 401(k)s.
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Parnassus fund tops Responsible Ratings Index for second month
Fidelity Investments captures four of the highest 10 spots on the monthly list of top funds based on ESG criteria from Morningstar and MSCI.
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ESG ETFs need active management. Or do they?
Proxy voting is one of the issues that needs to be straightened out for passive strategies to be as successful with sustainable funds.
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BlackRock’s proxy move shows limit of dumping bad stocks
The fund manager announced that starting next year, some of its institutional clients will be able to play a bigger role in shareholder votes.
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JPMorgan joins Net-Zero Banking Alliance
The bank signed a pledge to align its lending and investment portfolios with net-zero emissions by 2050, joining a group of more than 40 rival financial firms.
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Stakeholder capitalism is here to stay
In this episode ESG Clarity US chats with Sarah Green-Vieux, Kindred’s chief impact officer
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ESG space should welcome the regulatory spotlight
Support from corporate executives and slick marketing is no match for rules and regulation when it comes to managing sustainable portfolios.
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European banks dropping clients out of ESG risk concerns
Companies that pose a climate risk may face higher prices and loan denials from banks that don’t want to have to possibly increase their own capital requiremnts.
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Brother and sister advisers focus on environmentally conscious business owners
Christopher and Michelle Mackin are leveraging their love for the outdoors into a focused advisory practice.