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July 10th, 2018 |
| Allergan Wins Stock Drop Suit Dismissal, Echoing Key SCOTUS Decision | |
Under the paradigm created by the Supreme Court’s ruling in a case known as Fifth-Third vs. Dudenhoeffer, plaintiffs continue to have difficulty proving standing in ERISA stock drop cases.
Read more > | | | Segal Warns Against Change to Actuarial Assumptions for Multiemployer Plans | | In the first two public hearings held by the Joint Select Committee for the Solvency of Multiemployer Pension Plans, some members raised questions suggesting that one way to reduce the risk associated with multiemployer plans would be to force them to use more conservative actuarial assumptions and to adhere to stricter funding standards—in other words, follow funding rules similar to those in place for single-employer plans.
Read more > | | | Gen Xers on Shaky Retirement Ground | | The majority of Generation X believe their retirement savings will cover basic expenses as well as leisure and travel, but the fact of the matter is: 40% have no retirement savings at all, the Insured Retirement Institute learned in a survey. This is up from 35% in 2016. In addition, 66% have not tried to calculate how much they will need to save to retire.
Read more > | | | About the 2018 PLANADVISER National Conference | |
New at this year’s conference, advisers will have the ability to earn their PLANSPONSOR Retirement Professional designation while in attendance, and we are particularly excited for our opening evening speaker, the award-winning comedian and actor Jason Alexander.
Read more > | |
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| Sponsored message from MetLIfe | | Stable value gives employees a stronger capital preservation option | | 90% of advisors very often recommend stable value; 83% of plan sponsors find stable value more attractive than money market. Watch the videos for more insights in the 2017 MetLife Stable Value Study.
Read more > | | | Mercer Advocates for Greater Use of Technology to Address Financial and Physical Wellness | |
“To transform saving into an engaging consumer experience rather than a financial services experience, employers must present it not as something difficult and unpleasant but as something that is achievable and interesting by using simplified language, useful tools and the ability to track progress in real time,” Mercer says
Read more > | | | Only Half of Employers Familiar With Key Financial Wellness Topics | | Just over half of employers are familiar with the topics that a financial wellness program should cover, Strategic Benefit Services learned in a survey of employers.
Read more > | | | Market Mirror | | Yesterday, the Dow climbed 320.11 points (1.31%) to 24,776.59, the NASDAQ closed 67.81 points (0.88%) higher at 7,756.20, and the S&P 500 increased 24.35 points (0.88%) to 2,784.17. The Russell 2000 was up 10.55 points (0.62%) at 1,704.60, and the Wilshire 5000 gained 242.42 points (0.84%) to finish at 29,111.71.
The price of the 10-year Treasury note decreased 11/32, bringing its yield up to 2.861%. The price of the 30-year Treasury bond fell 24/32, increasing its yield to 2.966%.
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