This New Rule From The Labor Dept. May Have Just Saved Your Retirement

Over the summer, the Department of Labor (“DOL”) issued a draft pertaining to how ERISA fiduciaries could (or could not) incorporate social advocacy factors into investment decision making. The ensuing uproar could be heard from coast to coast.

There was a good reason for that.

“The latest popular incarnation of socially responsible investing is ‘ESG’ investing,” says Robert R. Johnson, Professor of Finance, Heider College of Business at Creighton University in Omaha. “It involves selecting companies for environmental, social, and governance (“ESG”) factors, such as their record on air pollution,...