Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 30th, 2018

Calling Retirement Advisers: 2018 Retirement Plan Adviser Survey & 2019 Top 100 Advisers Now Open

Note that again this year, in an attempt to minimize the number of surveys we ask you to complete, we have combined the Top 100 questionnaire with our annual Retirement Plan Adviser Survey. Thanks very much for your interest in our surveys. In exchange for your time, we will send a 2018 Plan Benchmarking Report to all completed survey respondents. Also, the aggregated results will be published in upcoming issues of PLANADVISER. Read more >
Wells Fargo Drops Plans to Use T Shares in Retirement Accounts
Asked whether Wells Fargo Advisors will reconsider T shares if the DOL’s fiduciary rule is revisited or the SEC pushes through a conflict of interest rule, the firm simply said, “Although we could offer them in the future, we have no current plans to do so.” Read more >
Chrysler Pension Plan Participant Finds Some Litigation Success in 6th Circuit
The case has already bounced back and forth several times between the district and appellate courts, testing complicated questions about conflicting language in summary plan descriptions and formal plan documents.   Read more >
Amicus Briefs Argue Against 9th Circuit USC Decision About Arbitration Agreements
The appellate court upheld a district court’s denial of defendants’ motion to compel arbitration, concluding that the dispute fell outside the scope of the arbitration agreements because the claims were brought on behalf of the ERISA plans, not the individuals. Read more >
Compliance Consult: Principal Transactions
Even with the defeat of the DOL fiduciary rule, advisers are still fiduciaries under the previously existing five-part test. 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
Lincoln Investment Partners With eMoney Advisor to Offer Financial Planning Solutions
Broker/dealer Lincoln Investment has partnered with eMoney Advisor to offer financial planning solutions to its adviser network. Lincoln now offers its advisers five technology packages, three of which include eMoney. Read more >
Stretching the Match
An adjustment to the formula can enlarge participants’ savings. Read more >
Market Mirror
Wednesday, the Dow was up 60.55 points (0.23%) at 26,124.57, the NASDAQ climbed 79.65 points (0.99%) to 8,109.69, and the S&P 500 closed 16.52 points (0.57%) higher at 2,914.04. The Russell 2000 increased 6.33 points (0.37%) to 1,734.75, and the Wilshire 5000 gained 182.59 points (0.60%) to finish at 30,384.51. The price of the 10-year Treasury note was unchanged, with its yield at 2.883%%. The price of the 30-year Treasury bond increased 6/32, bringing its yield down to 3.023%.
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