The antiseptic compliance regime spelled out by the DOL and ERISA has to date defined fiduciary services. Perhaps, if weâre going to consider what is âbeyondâ that sterile definition, we might want to go back to the future. In a sense, rediscovering where âfiduciaryâ initially came from might suggest where it is headed.
Tag "Lawrence Starr"
The Biden Rule, like the Trump Rule, does not encourage or discourage the use of ESG criteria when selecting investments. This allows fiduciaries to either adopt ESG principles or ignore them.
Not only do you need to watch the place that holds all the money, you need to watch the pipeline that feeds the money there.