Robert Eccles and Timothy Doyle write in RealClearEnergy that it is time to take the unnecessary politics out of ESG and retirement savings.
- Policymakers shouldn’t mess with peoples’ retirement accounts to score political points.
- The focus of retirement-related discussions and regulations should be fiduciary responsibility.
- Regulators and policymakers should let markets and consumers drive green investments.
“If the purpose of ERISA is to protect retirement savings, both sides of the aisle should focus on the duties of loyalty and prudence owed to beneficiaries and plan participants, and less on an Administration’s policy agenda. Ironically, this is what ERISA was originally intended to protect against.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
