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May 22nd, 2018 |
| From the Magazine: Litigation MitigationOne of the first things any new practitioner hears about when entering the world of defined contribution retirement plan advising today is the severe risk of litigation faced by plan sponsor clients—a risk born out of the fiduciary duties of diligence, prudence and loyalty at the heart of the ERISA. One of the most common reasons plan sponsors turn to advisers is to get assistance with fiduciary process governance—and one of the easiest ways to lose a client’s confidence is to appear uncertain about critical compliance matters.
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Sponsored message from Voya | Service Models, Practice Management and Investment Innovation | An Interview with Michael DeFeo, Head of Retirement and Investment Only, Voya Investment Management.
Read more > | | Employees Have Other Financial Issues That Get in the Way of Retirement Readiness |
A PwC survey finds employees are struggling with debt and supporting adult children and aging parents, but also are not investing in their retirement plans properly or using health savings accounts to save for retirement health care costs.
Read more > | | A QDIA in Transition | If a plan has an older and/or heterogeneous population, this is more reason to consider a hybrid QDIA. For instance, the different employee groups in a hospital—doctors, nurses, support staff and administrative workers—likely have very different financial circumstances, especially on the cusp of retirement.
Read more > | | Market Mirror | Yesterday, the Dow climbed 298.20 points (1.21%) to 25,013.29, the NASDAQ was up 39.70 points (0.54%) at 7,394.04, and the S&P 500 closed 20.04 points (0.74%) higher at 2,733.01. The Russell 2000 increased 10.81 points (0.66%) to 1,637.44, and the Wilshire 5000 gained 232.09 points (0.82%) to finish at 28,498.68.
The price of the 10-year Treasury note was up 2/32, and the price of the 30-year Treasury bond was up 1/32, decreasing their yields to 3.053% and 3.197%, respectively.
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