Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 23rd, 2018
Second Lawsuit Over Duke University 403(b) Plan Filed
The new lawsuit alleges the university engaged in prohibited transactions when it used revenue sharing from plan investments to pay for HR staff salaries and fringe benefits. Read more >
How Advisers Can Expand Their Prospecting Methods
Creating content to draw plan sponsors to your website is key. Read more >
The Roll of the Adviser
The demise of the revised fiduciary rule comes as plan sponsors are beginning to take more interest in providing help to their employees nearing retirement, says Douglas Webster, managing director at SageView Advisory Group in Knoxville, Tennessee. Read more >
Longer Student Loan Terms and Greater Monthly Payments Reported
IonTuition finds more than half of respondents still owe more than $15,000 in student loans, and the year-over-year data shows the number of respondents with more than $30,000 in student loans actually increased over time compared to initial borrowing. Read more >
Advisers Begin to Embrace Artificial Intelligence
Two-thirds of registered investment advisers and fee-based advisers believe artificial intelligence will give them a competitive advantage, a survey by Nationwide Advisory Solutions found. Among the 33% who were early adopters, 94% believe this is true. Read more >
The New Vesting Schedule Debate
Why Are Financial Services Firms Looking to Wealth Management Leaders?
The Future of Work in the Investment Industry
GOP Attorneys General Question BlackRock on Fiduciary, Antitrust Concerns
A Reminder to Avoid Fraudulent Hardship Withdrawals
More Americans Ramping up Retirement Savings
A study says about twice as many Americans are saving more now, compared to responses from the survey’s 2013 debut.  Read more >
Young Investors Overly Confident About Retirement
The younger cohort thinks they will need between $250,000 and $999,999 for a successful retirement, but Baby Boomers think they will need between $1 million and $2 million to retire comfortably. Read more >
Argument for Less SMA Use by DB Plan Sponsors
Vanguard research questions whether the risk-matching precision of SMAs is worth the cost and complexity. Read more >
Market Mirror
Wednesday, the Dow closed 88.69 points (0.34%) lower at 25,733.60, the NASDAQ closed 29.92 points (0.38%) higher at 7,889.10, and the S&P 500 slipped 1.14 points (0.04%) to 2,861.82. The Russell 2000 increased by 4.50 points (0.26%) to 1,722.54, and the Wilshire 5000 was up 12.85 points (0.04%) at 29,889.96. The price of the 10-year Treasury note was up 5/32, decreasing its yield to 2.814%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 2.982%.
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