Responsible Investor Highlights Insights From Brad Campbell on the DOL’s Pecuniary Rule

Responsible Investor shared insights from a paper written by benefits and executive compensation partner Brad Campbell on the Department of Labor’s (DOL) final rule regarding “Financial Factors in Selecting Plan Investments,” or the “Pecuniary Rule,” which will be central as the U.S. adopts environmental, social and governance (ESG) rules.

The publication highlighted Brad Campbell’s Natixis Investment Managers paper authored as a “very good starting point on this crucial topic.” It also cited Campbell’s experience as a former DOL official and former Assistant Secretary of Labor for Employee Benefits, head of the Employee Benefits Security Administration.

In the paper titled “DOL Paves Way for ERISA Plan ESG Investments in Final Ruling,” Campbell offered his perspective on the final ruling. According to him, the final rule no longer singles out ESG for special consideration; instead, it draws a roadmap for fiduciaries to consider all investments, focusing on their benefit to participants rather than their type.