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As the U.S. Department of Labor considers feedback on a proposed rule that will affect investors' ability to consider climate risk when making decisions about nearly $8 trillion in assets, benefits brokers, money managers and retirement advisors should take this time to understand the implications and heightened expectations of their clients and constituents. With 140 million-plus Americans participating in 401(k) or other ERISA plans, it's crucial fiduciaries look out for the best interests of their plan participants and that prudent investors consider climate risk in their investment decisions.
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