Workers want those elusive socially responsible investments in their 401(k) plans: Survey
If you're looking in your 401 plan for investments that back clean energy or gender and racial diversity, you may have a tough time finding them.
At the same time, just 13% of workers surveyed said they have access to environmental, social and governance, or ESG, investments in their workplace retirement plan.Leonardo DiCaprio is investing in greener way to save, spendThat level of access to socially-conscious investments is"not good enough," according to Edward Farrington, executive vice president at Natixis Investment Managers.
Aaron Pottichen, senior vice president at Alliant Retirement Consulting, said his firm offers an index fund from Calvert Investments that screens investments based on ESG criteria. Under President Barack Obama, plan providers more or less got the green light to include ESG funds in their lineups. The guidance under President Donald Trump's administration, however, was more or less a caution sign to the industry.
"I think it did make some other firms that were thinking about this space hesitate a bit, thinking 'OK, what is the message here?'" Farrington said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This change to your 401(k) plan could increase your retirement savingsA growing number of companies automatically take money from their employees paychecks and deposit it into a retirement account — even after a worker has opted out.
Read more »
House committee passes bill to upgrade 401(k) plans amid 'retirement income crisis'The bill would increase the flexibility of plans and improve access to the accounts, particularly for small businesses and their employees.
Read more »
Can Your 401(k) Plan Help You Retire?Your 401(k) plan isn’t a true retirement plan unless it helps you convert your savings into a stream of retirement income. Learn how to tell if your plan has these features.
Read more »
ICE arrests more than 280 at Texas business, biggest workplace immigration raid in a decadeWorkers' relatives came to the facility as word spread. 'It's really sad and it makes a lot of people really angry and frustrated,' the daughter of a detained worker said.
Read more »
Here’s How To Invest In A Socially Responsible Way
Read more »
This change to your 401(k) plan could increase your retirement savingsA growing number of companies automatically take money from their employees paychecks and deposit it into a retirement account — even after a worker has opted out.
Read more »
House committee passes bill to upgrade 401(k) plans amid 'retirement income crisis'The bill would increase the flexibility of plans and improve access to the accounts, particularly for small businesses and their employees.
Read more »
Can Your 401(k) Plan Help You Retire?Your 401(k) plan isn’t a true retirement plan unless it helps you convert your savings into a stream of retirement income. Learn how to tell if your plan has these features.
Read more »
This Female-Led Fintech Startup Wants To Make Socially-Conscious Investing Accessible
Read more »