October 10th, 2018

Views of ESG Investing Changing Among Institutional Investors The percentage of U.S. institutional investors that reject ESG outright shrank dramatically year over year, from 51% to 34%, according to RBC Global Asset Management’s third annual Responsible Investing Survey. Read more > The 'Roll' of the Adviser It’s back to the old days for advising on rollovers, right? Maybe not. The Department of Labor’s revised fiduciary rule, vacated by a 5th Circuit Court of Appeals mandate in June, no longer applies—but don’t be surprised if it has a lasting impact on how plan sponsors scrutinize rollover advice from advisers. Read more > Live Event: 2018 401(k) Participant Survey Results In this webinar, you’ll gain firsthand knowledge of 401(k) participant sentiments from Schwab Retirement Plan Services, Inc. Read more > Amid DOL Scrutiny, Provider Crafts Solution for Missing Participants Employees are changing jobs more frequently than ever before, says Mark Koeppen at FPS Trust; when they go missing, this can lead to wasted time and money spent on administration of their orphaned savings. Read more > MOST READ ARTICLES 1 Stimulus Bill Extends Some Provisions of the CARES Act 2 Practice Management: Areas of Success 3 Missing Participant Guidance Released by DOL 4 Retirement Plan Trustee Faces Cybersecurity-Related Lawsuit 5 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals

Wealthy Investors Question Adviser Expertise The Spectrem study found 59% of investors said their adviser understands Social Security benefits, while 47% said their adviser is knowledgeable about Medicare.   Read more > ERISA VISTA: Prohibited Transaction Relief When an adviser is a fiduciary to an ERISA plan or an IRA, he is prohibited from receiving certain forms of compensation. Under the prohibited transaction rules in ERISA and the Internal Revenue Code, two types of compensation are prohibited. One is that received from a third party. The second type is variable compensation.  Read more > Market Mirror Tuesday, the Dow closed 56.21 points (0.21%) lower at 26,430.57, the NASDAQ was up 2.07 points (0.03%) at 7,738.02, and the S&P 500 was down 4.09 points (0.14%) at 2,880.34. The Russell 2000 lost 7.65 points (0.47%) to finish at 1,621.87, and the Wilshire 5000 decreased 53.23 points (0.18%) to 29,734.90. The price of the 10-year Treasury note was up 8/32, decreasing its yield to 3.202%. The price of the 30-year Treasury bond increased 24/32, bringing its yield down to 3.363%.

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