Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
September 12th, 2019
Fiduciary Advisory Firms Sue to Block SEC’s Reg BI
Two advisory firms argue they are harmed by the “best interest” rule because it causes them a competitive disadvantage with respect to broker/dealers, and because the rule will increase rather than abate investor confusion. Read more >
Greystar Asks Court to Compel Arbitration in ERISA Suit
The move by Greystar comes after the 9th U.S. Circuit Court of Appeals issued a ruling that Schwab could enforce its retirement plan’s arbitration clause requiring participants to file individual claims and to waive class-action claims. Read more >
MIT Response to Epstein Donations Suggested as New Evidence in Lawsuit
The plaintiffs in the ERISA lawsuit say they intend to seek injunctive relief preventing MIT from hiring vendors for its retirement plan that are donors or accepting donations from existing vendors to the plan. Read more >
Successful Advisers Are Able to Spot Emerging Trends
Craig Hawley, head of Nationwide Advisory Solutions, also explains how successful advisers are using AI. Read more >
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Hub International’s Ambitious Vision for the Retirement Market
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AutoZone’s Use of Prudential GoalMaker Criticized in New Lawsuit
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2020 Contribution and Benefit Limits Announced
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IRS Proposes Changes to Tables Used in RMD Calculations
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The Great TDF Debate: Prudence vs. Performance
Sponsored message from ADP
Employers can help address financial challenges that employees face
Employees are feeling on firmer footing and taking positive steps in their finances. Yet some find themselves struggling with the most basic of financial planning needs. Offering a financial wellness program can be a life-changing benefit for workers. Read more >
How Advisers Benefit From Asset Management Assistance
“There’s a growing trend among advisers to offer 3(38) services, and I don’t view that as such a great thing,” says Troy Tisue, TAG president. “Yes, some practices have the backing and the resources to handle this, but, increasingly, more advisers see the value in partnering with a national 3(38) firm that can specialize in that.” Read more >
Edmit and NFP Partner to Build College Planning Feature
As student loan debt reaches an all time high, the two firms are pushing the conversation on what families must know early on about college funding.  Read more >
Market Mirror
Wednesday, the Dow gained 227.61 points (0.85%) to finish at 27,137.04, the NASDAQ closed 85.52 points (1.06%) higher at 8,169.68, and the S&P 500 was up 21.54 points (0.72%) at 3,000.93. The Russell 2000 increased 32.72 points (2.12%) to 1,575.71, and the Wilshire 5000 climbed 254.76 points (0.84%) to 30,722.70. The price of the 10-year Treasury note decreased 23/32, bringing its yield up to 1.747%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 2.225%.

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

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