Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 15th, 2018
Bill Beardsley Exits LPL Retirement Partners Business
Naturally, given the size of the LPL operation, the entire team supporting retirement plans was not led alone by Beardsley. He was among a number of experienced leaders overseeing that area of the business, but his departure comes at a key time for the wider industry.  Read more >
Keeping Up With the Intermediaries
 “Most of the recordkeepers now have mobile-based apps,” says Janet Ganong, a partner and retirement plan consultant with The Kieckhefer Group in Brookfield, Wisconsin. “That is really where the participant is connecting with the recordkeeper to do basic functions, such as looking at his balance and transaction history. Very few [apps] allow for transactions, due to security concerns.” Read more >
Plan Sponsors Missing Opportunities to Improve Employee Retirement Outcomes
While employers cited rising health care costs followed by outliving retirement savings as their biggest concerns for employees’ retirement readiness, TIAA says surprisingly few have built retirement plan offerings that solve for these challenges. Read more >
July a Slow Trading Month for 401(k) Investors
This was the first month of no days of above-normal trading activity since June 2017 and continues the lull in trading, with only one day of above-normal trading in both May and June. Read more >
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Retirement Industry People Moves
Half of Workers Approaching Retirement Expect to Return to Work
Earning additional income was their primary reason for returning to work, followed by fighting boredom (44%) and keeping their minds sharp (22%). Sixty-eight percent of those approaching retirement say they plan to work in a different industry, and 65% of retirees who have returned to work say the same. Read more >
Demand for Private Debt Creates Crowded Market
Institutional investors’ interest in mid-market corporate direct lending is driving large capital flows into a squeezed portion of the market, according to Willis Towers Watson, resulting in downward pressure on returns and greater risk. Read more >
Market Mirror
Tuesday, the Dow was up 112.22 points (0.45%) at 25,299.92, the NASDAQ closed 51.19 points (0.65%) higher at 7,870.89, and the S&P 500 increased 18.03 points (0.64%) to 2,839.96. The Russell 2000 climbed 17.26 points (1.03%) to 1,692.58, and the Wilshire 5000 gained 211.03 points (0.72%) to finish at 29,639.89. The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.894%. The price of the 30-year Treasury bond decreased 9/32, bringing its yield up to 3.062%.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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