NH AG joins lawsuit over new rule allowing asset managers to direct client retirement money to ESG investments
read more…: NH AG joins lawsuit over new rule allowing asset managers to direct client retirement money to ESG investmentsThe new rule, “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights,” will take effect on January 30, 2023. Two-thirds of the U.S. population’s retirement savings accounts would be affected, totaling $12 trillion in assets. Strict laws placed in ERISA are intended to protect retirement savings from unnecessary risk.