Benefits Think

News You Can Use: DOL says returns trump responsibility in pensions

All you DB plan sponsors out there investing in socially responsible funds to make money and a difference: Quit it! According to EBSA, the benefits arm of the Dept. of Labor, generating big returns are the only consideration plan sponsors may consider - not "political, corporate or other purposes."

Processing Content

For reprint and licensing requests for this article, click here.
MORE FROM EMPLOYEE BENEFIT NEWS
Load More