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March 27th, 2019 |
 | Climate Change and ESGOver the last 50 years, investors have slowly broadened their objectives, from solely seeking maximum returns to enhancing the welfare of society—emphasizing investments that care for the environment, fulfill the social contract, and exercise fair and just corporate governance.
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| SEC No-Action Letter Offers Guidance for Processing Rollover Checks | |
Banc West Investment Services asked the Securities and Exchange Commission to clarify its stance on the potential conflict between FINRA suitability determinations called for by rollover decisions and, on the other hand, SEC demands to forward customer checks within a day of receipt.
Read more > | | | Forward Focus | | It is becoming “table stakes” for a retirement plan adviser to offer not just 3(21) fiduciary services, but 3(38) fiduciary services as well, says Brian Hanna, senior retirement plan consultant at Everhart Advisors in Dublin, Ohio.
Read more > | | | 403(b) Plans Tuned In to Education | | A relatively new development among defined contribution plans has been to let separated employees continue making loan payments after they have left the company. This is a further area where 403(b) plans differ from all industries’ DC plans and indicates more of a laissez-faire attitude on this point.
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| 2019 PLANADVISER Micro Plan Survey | | Only 24% of these micro plans have an adviser who serves as a 3(21) fiduciary, yet this is true for 37% of plans overall. While the micro plans are pretty much in lockstep with larger plans when it comes to reviewing fund performance (94% do so vs. 96% of all plans) and offering plan investment selection guidance (91% vs. 93%), there are several areas where the micro plans fell short.
Read more > | | | Some Say Investors Are Better Served by Tactical TDFs | | The Great Recession prompted many target-date fund managers to begin to consider tactical glide-path deviations based on market conditions and forecasts.
Read more > | | | Market Mirror | | Tuesday, the Dow was up 140.90 points (0.55%) to reach 25,657.73, the NASDAQ gained 53.98 points (0.71%) to 7,691.52, and the S&P 500 increased 20.10 points (0.72%) to 2,818.46. The Russell 2000 gained 15.30 points (1.01%) to 1,528.17 and the Wilshire 5000 increased 219.15 points (0.76%) to reach 29,110.70.
The price of the 10-year Treasury note dropped 6/32, bringing its yield up to 2.419%. The price of the 30-year Treasury bond was down 6/32, increasing its yield to 2.873%.
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