By Daniel Wiessner, Reuters A federal judge in Missouri struck down on Wednesday the Republican-led state’s rule limiting the ability of financial professionals to consider environmental, social, and corporate governance factors in giving investment advice. U.S. District Judge Stephen Bough in Kansas City agreed with a trade group, the Securities Industry and Financial Markets Association,…
By Paul Verney, Responsible Investor Lawyers for public pension fund beneficiary seek court approval for further claims against blocked boycott legislation amid appeal threat. An Oklahoma public pension fund beneficiary whose legal action last month resulted in the US state’s anti-ESG law being permanently halted has returned to court seeking the judge’s endorsement for three…
By John Tamny, Forbes “We are not going to allow big banks to discriminate based on someone’s political or religious beliefs.” Those words come to us from Florida Gov. Ron DeSantis, amid his ongoing and rather puzzling war against business in his own state. DeSantis was trumpeting his signing of an “anti-ESG” law in Florida…
By Saul Elbein, The Hill Conservative Republicans’ attacks on gun control, abortion and climate-friendly investing practices are deeply unpopular — and costing Texas billions of dollars, according to a new poll. The findings by progressive advocacy group Unlocking America’s Future (UAF) included a survey that found that nearly three-quarters of Texans said they believe their…
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The Wall Street Journal, Anne Tergesen Americans stop working earlier than planned, but tend to enjoy retirement. There is a big gap between how workers envision the timing of retirement and the reality for retirees, according to the Employee Benefit Research Institute’s latest installment of its 34-year survey of workers and retirees released Thursday. Some…
American Banker, Sam Raus This month the State of Texas government terminated an $8.5 billion investment managed by BlackRock, the world’s largest asset management firm, over the company’s continued use of environmental, social and governance (ESG) standards. The investment came from the Texas Permanent School Fund, or PSF, which finances the state’s public school systems. Accusing BlackRock’s investment strategies of…
The Oklahoman, M. Scott Carter Oklahoma municipalities were forced to pay more than $180 million in expenses because of a state law written to protect the oil and gas industry, a new study shows. Commissioned by the Oklahoma Rural Association, the study from the University of Central Oklahoma “showcases the detrimental impact of the Energy…
PlanAdviser, Alex Ortolani Two-thirds of Baby Boomers turning 65 between 2024 and 2030 will not be financially prepared to maintain their pre-retirement lifestyles, especially when taking into account gender, race and degree of education, according to research released Thursday by the Alliance for Lifetime Income. Due to the lack of financial preparedness, more than half of 30.4…
CNN, Nicole Goodkind Eric Payne, a 37-year-old single father to two boys, works hard to stretch his paycheck each week. It’s a task he refers to as “clicking.” He makes a good salary – in the $80,000 range – but by the time all of the essential expenses have clicked into place, there’s not much…
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