Friday, March 29, 2024

Legislation to Protect Retirees From ESG Investing in Retirement Plans Resurfaces

Title: Legislation to Restrict ESG Investing in Retirement Plans Resurfaces

Article Snip: "...Retirement plans, like 401(k)s, that are tax-advantaged to help individuals save for retirement should be managed to maximize return, not to invest in risky holdings like those propped up by ESG factors,” Rep. Murphy said in a statement. “Americans' nest eggs should be built on a solid foundation that confers the greatest growth probability, not investments that are unstable and whitewashed with fake ethical and sustainability scores. ..."

Reference: www.asppa.org
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