Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 25th, 2018
States Start Knitting a Patchwork of Best Interest Fiduciary Regulations
With the judicial defeat of the Obama-era DOL fiduciary rule hanging in the air, individual states are moving to establish their own best interest regulations for the sale and service of investment products; attorneys warn that more piecemeal regulation is likely, as are lawsuits to test some complex ERISA preemption issues. Read more >
AT&T Defeats ERISA Challenge, but Amended Complaint Is Likely
The decision by the U.S. District Court for the Central District of California is short and to the point, stretching just 15 pages and ruling only weakly in favor of the AT&T defendants’ motion to dismiss by allowing room for an amended complaint. Read more >
SEC’s Inspections and Examinations Office Demands Best Execution
Commentary from Wagner Law Group and Drinker Biddle attorneys highlights what advisers need to know about the SEC’s ongoing analysis of broker/dealer “best execution” issues, as summarized in a recent Risk Alert publication. Read more >
Small and Mid-Sized Plans Are the Sweet Spot
While retirement plan providers typically aim to serve large and mega-sized plans, Cogent Reports attests that they would be better off going after small and mid-sized plans, those with $5 million to $100 million in assets.  Read more >
Why Small Business Owners Often Resist 401(k)s
John Hancock Defeats ERISA Foreign Tax Credit Lawsuit
What Exactly Is Driving the Great Resignation?
Retirement Industry People Moves
Risks and Rewards of Managed Accounts
Sponsored message from JP Morgan
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Passives, Smart Beta and Alternatives Reshape Investment Landscape
According to Boston Consulting Group, among asset management products, passives were far and away the fastest growing category in 2017, with a record 25% increase in AUM over an already very sizable base. Read more >
Most Millennials Have Appropriate Allocations
This is despite having lived through two bear markets. Read more >
BlackRock Calls for Expanding Access to Retirement Plans
One measure is to encourage MEPs by eliminating the “nexus” requirement. Read more >
Market Mirror
Tuesday, the Dow was up 197.65 points (0.79%) at 25,241.94, the NASDAQ lost 1.11 points (0.01%) to 7,840.77, and the S&P 500 increased 13.42 points (0.48%) to 2,820.40. The Russell 2000 closed 18.22 points (1.07%) lower at 1,680.20, and the Wilshire 5000 gained 28.21 points (0.10%) to finish at 29,391.42. The price of the 10-year Treasury note increased 1/32, bringing its yield down to 2.954%. The price of the 30-year Treasury bond grew 10/32, decreasing its yield to 3.077%.
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