Washington, DC – The following statement should be attributed to Aliya Robinson, Senior Vice President of Retirement and Compensation Policy at The ERISA Industry Committee (ERIC):
“ERIC is pleased that the Department of Labor took our concerns seriously when considering the final rule on ‘Factors in Selecting Plan Investments.’ We especially appreciate the Department, including our asks to use the terms ‘pecuniary’ and ‘non-pecuniary’ instead of ‘ESG’ and easing some documentation requirements.
While we are still reviewing the rule in its entirety, ERIC looks forward to continuing our work with the Department and ensuring that the duties of plan fiduciaries are clear and consistent.”