| Competitive Pricing Brings CITs to Center Stage |
| As the CIT product set expands, it is important for retirement plan fiduciaries to follow the market developments to ensure their participants are presented with cost-efficient and competitive investments. In today’s evolving marketplace, DC plan mandates can be won or lost by the difference of a few basis points.
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| Allianz Settles One of the Original ERISA Self-Dealing Lawsuits |
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The settlement includes $12 million in monetary contributions, along with mandated administrative changes and the appointment of an independent monitor for the investment lineup.
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| AdvisorEngine Acquires CRM Provider Junxure |
| AdvisorEngine says the move enhances its open-architecture ecosystem and continues the company’s approach of connecting disparate technologies, data and workflows to create a unified user experience.
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| Benefit Limits for Puerto Rico Plans Are Different From U.S. Plans |
| On December 15, 2017, the Puerto Rico Treasury Department issued Circular Letter of Tax Policy 17-02 formally announcing the key pension limits for 2018, as required by the Puerto Rico Internal Revenue Code of 2011.
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| Fixed Income Portfolio Outlook for 2018 |
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Year-end analysis shared by Charles Schwab suggests the appointment of Jerome Powell to be the new Federal Reserve leader likely means that interest rates will continue to move up slowly and cautiously.
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| Market Mirror |
| Tuesday, the Dow was up 104.79 points (0.42%) at 24,824.01, the NASDAQ climbed 103.51 points (1.50%) to 7,006.90, and the S&P 500 closed 22.18 points (0.83%) higher at 2,695.79. The Russell 2000 gained 14.50 points (0.94%) to finish at 1,550.01, and the Wilshire 5000 increased 197.01 points (0.71%) to 27,991.18.
The price of the 10-year Treasury note decreased 13/32, bringing its yield up to 2.457%. The price of the 30-year Treasury bond fell 1 12/32, increasing its yield to 2.812%.
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