Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
February 14th, 2018
SEC Reveals Share Class Selection Disclosure Initiative
Under the new “SCSD Initiative,” the SEC’s enforcement agents will recommend “standardized, favorable settlement terms” for investment advisers that self-report that they failed to disclose conflicts of interest associated with the receipt of 12b-1 fees by the adviser or an affiliated broker/dealer; the regulator further warns that advisers who fail to take advantage of this program will be punished more severely in the future. Read more >
Providers Agree to Pay Back Retirement Plans That Invested in Fraudulent Loans
The DOL has entered into a settlement agreement with U.S. Fiduciary Services and three of its subsidiaries that provides for payment of more than $7 million to 42 retirement plans. Read more >
Interest Doesn’t Always Bring Adoption of Robo-Adviser Tech
Since 2015, investors’ interest in using digital advice platforms has increased modestly, far outpacing actual adoption, according to Cerulli; for clients of both traditional advisers and robo platforms, knowing disclosure information is easily available is often felt to be more important than reviewing it in depth. Read more >
Focus Needed for Factor Investing
Analysts warn of “way too much product and a lot of confusion” about factor investing.  Read more >
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J.P. Morgan Case study: Reverse the Search for potential discounts
Discover how you can maintain a prudent target date fund and recordkeeper selection while taking advantage of potential discounts simply by reversing the order you search for these providers. VIEW THE CASE STUDY > Read more >
Only Half of Couples Discuss Retirement Savings
While 64% of couples in their 20’s discuss retirement savings, this drops to only 48% for those 40 and over. Read more >
Pew Charitable Trusts Underscores Lasting Importance of DC Plans
An analysis from Pew Charitable Trusts shows a correlation between access to and participation in workplace-based retirement savings programs and more planning and saving. Read more >
Why Employers Should Care About the Cost of Delayed Retirements
In a new report, Prudential explains that, for each individual unable to retire at the traditional age, the additional cost to the employer averages $50,000 a year—primarily the difference between an older worker’s salary at retirement age and what a younger person stepping up to replace him would earn.  Read more >
Market Mirror
Tuesday, the Dow gained 39.18 points (0.16%) to finish at 24,640.45, the NASDAQ closed 31.55 points (0.45%) higher at 7,013.51, and the S&P 500 increased 6.94 points (0.26%) to 2,662.94. The Russell 2000 was up 3.97 points (0.27%) at 1,494.95, and the Wilshire 5000 climbed 81.15 points (0.29%) to 27,607.76. The price of the 10-year Treasury note was up 8/32, decreasing its yield to 2.832%. The price of the 30-year Treasury bond increased 17/32, bringing its yield down to 3.117%.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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