Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
March 22nd, 2018
Morningstar and Prudential Win RICO Suit Dismissal
The unsuccessful challenge was viewed as somewhat unique amid the glut of retirement industry litigation because it cited the Racketeer Influenced and Corrupt Organizations Law of 1970, known as RICO. Read more >
Retirement Programs Must Continue to Evolve to Address Participant Needs
Chuck Coldwell, vice president and national director for consulting and BOLI Services at Pentegra, believes as an industry, we still have not reached the goal of getting the majority of participants in a good place for retirement—even with auto enroll and escalate. Read more >
Institutional Investors Increasing Exposure to Focused Strategies
Ninety-five percent of intermediaries and 84% of institutional investors believe that a focused portfolio can achieve the majority of the risk-reduction benefits generated by a diversified portfolio, and 76% of intermediaries believe focused strategies have a better chance than diversified strategies of delivering alpha. Read more >
Unsure About 'Annuities,' But Americans Like 'Income Guarantees'
Seventy-three percent of people surveyed for the Guaranteed Lifetime Income Study from Greenwald & Associates and CANNEX said they view guaranteed income as a valuable addition to Social Security, up from 61% a year ago. Survey results highlight the importance of language choices around annuities.  Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Ready for PTE 2020-02 July 1 Enforcement?
Olin Corp. Soundly Defeats ERISA Lawsuit
Retirement Industry People Moves
Senate Finance Committee Advances EARN Act
Sponsored message from American Funds
Who Should Use a Health Savings Account?
Click to watch. Read more >
The Duty of Loyalty
It is not surprising that in almost every civil action alleging a breach of fiduciary duty under ERISA, one of the alleged breaches will be a breach of the duty of loyalty to participants and beneficiaries. Not only does the language of the duty of loyalty appear specifically in Title I of ERISA, but courts have consistently emphasized the importance of this particular fiduciary duty. Read more >
BlackRock Launches LifePath Spending Tool for DC Plans
As the firm explains, the LifePath Spending Tool’s projections are based on BlackRock’s long-term capital market assumptions, including life expectancy. Using the solution, savers can “easily see a retirement spending estimate for the current calendar year, as well as track estimated retirement spending until age 95 and see the potential impact on savings over time.” Read more >
2018 PLANADVISER National Conference
The PLANADVISER National Conference (PANC) is the premier networking and business strategy event for specialist retirement plan advisers! Annually, the top tier of retirement plan advisers from across the U.S., including the PLANADVISER Top 100 and the PLANSPONSOR Retirement Plan Advisers of the Year, gather in Orlando, Florida, for three days of discussion and debate about the cutting edge of the retirement plan industry, and how to confront the industry’s biggest challenges. Sign up today! Read more >
Market Mirror
Wednesday, the Dow closed 44.96 points (0.18%) lower at 24,682.31, the NASDAQ lost 19.02 points (0.26%) to finish at 7,345.28, and the S&P 500 decreased 5.01 points (0.18%) to 2,711.93. The Russell 2000 increased 8.90 points (0.57%) to 1,579.30, and the Wilshire 5000 was down 24.15 points (0.09%) at 28,165.65. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.883%. The price of the 30-year Treasury bond increased 14/32, bringing its yield down to 3.110%.
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