Labor Secretary Marty Walsh Will Leave Post for NHL Players’ Association
The NHLPA has not yet voted on a new executive director, but Walsh is expected to be approved in the coming days.
Regulation
EBSA Secretary Defends ESG Rule as Legislative, Litigation Battles Continue
The issue of considering ESG in retirement plans is becoming increasingly polarized.
PBGC Supplements Aid to Newspaper, Painter, Graphic Communication Pension Plans
The three pension plans had additional SFA packages approved Friday.
PBGC Bails Out 2 Construction Pension Funds
Pension plans for ironworkers in Alaska and plasterers in Oregon will receive assistance.
SEC Targets Conflicts of Interest in Asset-Backed Securities in New Proposal
If adopted, the proposal would prohibit transactions that allow asset-backed issuers to benefit from an adverse event affecting the security.
No Smoke and Mirrors Here: Good ESG Ratings Help Stock Prices, Bad Grades Hurt Them
In the culture wars’ latest front, how sustainable principles affect equities is a burning topic addressed in a recent research study.
PBGC Approves 2 More Supplemental Assistance Applications
The Teamsters Local 641 and Graphic Communications International Union pensions will both receive supplemental assistance from the PBGC.
What Does SECURE 2.0 Mean for Pension Plans? Dead Trees and Migraines.
Though SECURE 2.0 primarily focuses on defined contribution plans, it also contains changes relevant for traditional pension plans.
Kentucky Treasurer Targets 11 Firms for ‘Energy Company Boycotts’
BlackRock, Citigroup and JPMorgan Chase have all been threatened with state divestment due to alleged fossil-fuel bias.
SECURE 2.0 Caps Variable-Rate Premiums
The variable premiums paid to PBGC would be un-indexed from inflation.
SEC Proposes Four New Rules, Adopts One
The new rules would change the way securities are traded and the enforcement of insider trading.
EBSA Recovers $1.4 Billion for Plan Participants
The amount is less than half of what it was 2020, when it started to decline.
Regulator Calls on UK Trustees to Prepare for Next Bond Market Meltdown
The Pensions Regulator wants LDI-driven plans to be ready if yields suddenly jump like they did in September.
Goldman Sachs Agrees to Pay $4 Million to SEC for ESG Violations
The investment bank agreed to the penalty and a cease-and-desist order without admitting fault for allegedly violating their ESG research policies.