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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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