There is no doubt that the COVID-19 crisis is posing serious challenges to small employer retirement plans and the ability of workers to save for the long term. Expanding access to workplace retirement plans – especially at small businesses – will be crucial as Americans strive to meet the savings challenge during and after this … Continue reading "COVID-19 and Retirement Savings: New Challenges for Small Employers"
Socially responsible investing is a hot topic among sophisticated investors. An investment team led by life insurers – IMPACT Community Capital (IMPACT) – is tackling one of the toughest social challenges in our country: the shortage of affordable housing for low-income workers and families. IMPACT was founded in 1998 by leading insurance companies for the … Continue reading "Impact, with a Capital ‘I’"
California often leads the way on government policy. Socially responsible investing is one example. During the recession of the early 1990s, California regulators proposed a community reinvestment mandate for insurers, similar to one imposed on banks by the federal government. The investments would target underserved urban and rural areas of the state. Local insurers supported … Continue reading "California Communities Gain from Partnership with Life Insurers"