Indiana politicians have placed the first company on the state’s watchlist, BlackRock, tied to concerns over environmental, social or governance (ESG) commitments the company is alleged to have made. And while the state Treasurer’s office has indicated there will likely be others, stating they were looking into “every company that’s eligible”, being on the Indiana…
Now it’s Indiana’s turn to consider whether the state is going to go in the same direction as other states, like Texas and Oklahoma, that have adopted policies that have cost pension plans and taxpayers or if the Hoosier state is going to stand up for fiduciary duty and hold the line against an overly…
A growing pile of studies and analyses come to the same conclusion: State boycotts of banks and investment advisors are expensive for current and future retirees and taxpayers. Several states have created blacklists of financial advisors they accuse of considering environmental, social, and governance (ESG) factors when making decisions on oil and gas, firearms, and…
Their recommendations for solving America’s retirement issues vary, but investment, pension, and retirement experts speaking at the Milken Institute’s 2024 Global Conference last month agree the country faces a real crisis. That word — “crisis” — is how TIAA (Teachers Insurance and Annuity Association of America) president and CEO, Thasunda Brown Duckett, described the situation, as…
A new poll and research report from the group Unlocking America’s Future shows Texas voters have strong feelings on elected officials interfering in how financial institutions invest money. The poll found that 83 percent agree that it is not the role of Texas government to tell private financial institutions how to invest their customer’s money….
Want a secure retirement? Pay attention! For many of us, the number in mind when it comes to retirement age is probably 65. But it should be 62. That’s the median age when people in America retire, according to the latest survey from the Employee Benefit Research Institute, which has been doing this homework annually…
An Oklahoma judge, noting the potential risk to current and future retirees, temporarily blocked the state’s anti-ESG blacklists against allegedly “woke” investment advisers. The state law called for a boycott of banks and advisory firms thought to be discriminating against the oil and gas industry by including environmental, social, and governance (ESG) factors in their…
Oklahoma’s blacklist of banks and investment firms accused of discriminating against oil and gas companies has cost Oklahoma’s taxpayers, municipalities, and businesses an estimated $185 million to date. According to a study conducted by the University of Central Oklahoma for the Oklahoma Rural Association, recently enacted legislation is costing the state nearly $11 million a…
American voters are not confident they or their fellow citizens will have enough money saved for their retirement years, according to public opinion research done for the Alliance for Prosperity and a Secure Retirement. The uncertainty is widespread, with 80 percent of voters saying Americans are not prepared for retirement. Even more, 87 percent say…
Earlier this month, Louisiana lawmakers protected past and present public employees depending on pensions for their retirement security, but there is still some danger that politics could seep into the state’s public finance. Legislators proposed joining other states that are boycotting financial advisers who allegedly spurn investments in oil and gas, firearms, and other industries…
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