March 12th, 2019

Mixed Ruling in Oracle ERISA Suit Strongly Favors Defense Despite a setback for Oracle at the class certification stage, a new ruling out of a federal court in Colorado pushes back strongly against many—but not all—of the plaintiffs’ claims. Read more > IRS No Longer Intends to Amend Regulations Affecting Retiree Lump-Sum Windows The agency previously announced it would amend required minimum distribution regulations in a way that would prohibit the offering of lump-sum windows to defined benefit (DB) plan participants already retired and in pay status. Read more > Study Finds Alphabeticity Bias in 401(k) Investing Authored by academics at Saint Louis University, Seton Hall University and Kansas State University, as well as a researcher at the Ipsos Behavioral Science Center, a new white paper finds that people tend to select the first “acceptable” option. Read more > MOST READ ARTICLES

Many Widows, Divorcees Feel Patronized by Financial Advisers Among women who provide the primary source of their household’s income, 44% believe that advisers treat women differently. Among professional and non-professional women whose primary contributions to the household are non-financial, 32% feel excluded in conversations with financial advisers.  Read more > New York Life Investments Program Aids Advice Across Gender Lines Coinciding with the publication of a new survey showing women regularly feel patronized by financial advisers, New York Life Investments has launched a program to help advisers better serve women in their client base. Read more > Market Mirror Yesterday, the Dow gained 200.64 points (0.79%) to finish at 25,650.88, the NASDAQ closed 149.92 points (2.02%) higher at 7,558.06, and the S&P 500 increased 40.23 points (1.47%) to 2,783.30. The Russell 2000 was up 26.99 points (1.77%) at 1,548.88, and the Wilshire 5000 climbed 426.61 points (1.50%) to 28,828.80. The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.643%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 3.029%.

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