Edward Farrington is an Executive Vice President with Natixis Investment Managers. In this role, he leads institutional and retirement efforts. Mr. Farrington was previously based in London, where he led global wholesale efforts for the firm, supporting clients throughout Europe, Asia, and the Americas. Mr. Farrington has more than 20 years of experience in investment management. Prior to joining Natixis, he served as national fundraising manager for Fidelity Charitable Services. There, he led fundraising efforts for the nation’s largest donor-advised fund. Mr. Farrington also held senior roles in Chicago, San Diego, and Boston with Fidelity Investments.
It is widely expected that the Biden presidency will embrace ESG investing, including inside of retirement plans, says Ed Farrington, executive vice president, institutional and retirement business, Natixis Investment Managers. “We have already seen that with the non-enforcement policy regarding the financial factors rule,” Farrington says, referring to a decision the DOL made in March to not enforce two rules passed late in the Trump administration. “That rule [on ESG investing], put in place by the Trump administration, had a chilling effect on plan sponsors’ willingness to add ESG to plans, even when they understood that the very strategy was performing quite well.”
When the economy and markets are in crisis, interest rates are the go-to tool for central bankers looking to stimulate spending and get markets moving, but the cuts raise the stakes on retirement security.