Partner Julie Stapel spoke with Pensions & Investments about the potential implications of a Biden administration on recent proposals from the US Department of Labor (DOL) related to the ERISA fiduciary rule. Julie noted that the current proposal for the fiduciary rule "gets close enough to what the more liberal thinkers at the DOL were hoping for."
Since the proposed rules aren’t through the full approval process, they may get stalled under a new administration. "It's an understatement to say there's a lot going on and I just don't know that (issues like ESG investing and proxy voting are) going to register urgently even in the microcosm of the Department of Labor,” Julie said in the article.
Read the full Pensions & Investments article >>
Subscription may be required.