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Investors Want More from Biden White House, Pensions & Investments

March 22, 2021

Morgan Lewis partner Elizabeth Goldberg spoke with Pensions & Investments after the US Department of Labor (DOL) announced it will not enforce the “Financial Factors in Selecting Plan Investments” rule and “Fiduciary Duties Regarding Proxy Voting and Shareholder Rights” rule or take enforcement action against ERISA fiduciaries until it publishes further guidance. "I don't think floodgates are going to open because I think people are still in a wait-and-see mode in regard to what the Biden administration is going to do beyond its non-enforcement policy,” Elizabeth said in the article. She also discussed how the Biden administration may seek to incorporate pro-ESG factors in the financial factors rule.

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