Retirement Schemes Archives

Kansas anti-ESG bill could reduce pension returns by $3.6bn

Kansas anti-ESG bill could reduce pension returns by $3.6bn March 15, 2023 Kansas’ proposed legislation to prevent ESG considerations by public contractors could lower state pension system returns by $3.6bn over the next decade. The Protection of Pensions and Businesses Against Ideological Interference Act would also cost the Kansas Public Employees Retirement System (KPERS) $1.14bn […]

House passes resolution to repeal DOL ESG rule

House passes resolution to repeal DOL ESG rule March 2, 2023 House lawmakers have approved a resolution to overturn the Department of Labor’s (DOL’s) new ESG rule for retirement plans, after 25 Republican states filed a suit to invalidate the rule. On February 28, the US House of Representatives rejected the DOL’s Prudence and Loyalty […]

Investors urge DoL to pull ESG proposals

Investors urge DoL to pull ESG proposals Institutional investors from around the world have urged the US Department of Labor to pull back on its proposed Financial Factors in Selecting Plan Investments Regulation and give them more time to feedback. Retirement schemes and pension plans from the US, UK, Italy and Spain have submitted evidence […]