Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 24th, 2018
Who Is Responsible for Retirement Security?
National Retirement Security Week, from October 21 through 27, highlights the complementary roles of governments, employers and individuals in creating better retirement security for everyone in the U.S. Read more >
Court Finds Retirement Assets Divided in Divorce Not Protected in Bankruptcy
The 8th U.S. Circuit Bankruptcy Court of Appeals has affirmed a lower bankruptcy court’s ruling that retirement assets obtained in a divorce settlement are not exempt from creditors because they are not considered retirement funds as defined by a U.S. Supreme Court decision. Read more >
Neuroscience Center Pension Plan Fiduciary Settles ERISA Dispute
Under DOL scrutiny, the Illinois-based employer has agreed to restore nearly $420,000 to its defined benefit pension plan. Read more >
SOA Mortality Scale Shows Lowered Pension Plan Obligations
The Society of Actuaries has updated its annual mortality improvement scale for pension plans through the publication of  “MP-2018,” finding a decline in future rates of mortality improvement and lower pension plan obligations compared with its 2017 scale. Read more >
DCIO Providers Under Increasing Sales Pressure
Leading distributors are consolidating assets and new groups are growing in influence, namely third-party fiduciaries, distributor 3(38) modelers and investment scorecard providers. Read more >
SECURE Act Ensnared in Senate After Flying Through House
Newly Allowed 401(k)s Will Need Advisers
Dow, DuPont and Corteva Sued for Allegedly Ducking Pension Obligations
Wells Fargo and Principal Can Learn From John Hancock-New York Life Deal
Retirement Industry People Moves
Sponsored message from JP Morgan
Help plan participants understand their Social Security benefits
J.P. Morgan Retirement Link will host Sharon Carson, Retirement Strategist, on Monday, October 29 for a live webcast to help your plan participants understand their Social Security benefits. Read more >
Picturing Life in Retirement Boosts Savings
When asked to think about their life in their 60s, 70s and 80s, people said retirement savings should be increased by 31%, Capital Group found in a survey. Read more >
Millennials the Most Motivated to Develop a Financial Plan
Among the generations in the U.S. workforce, Millennials have the strongest instinct to develop a financial plan—yet they feel the most anxious and insecure that they will get it right, according to Northwestern Mutual’s 2018 Planning & Progress Study. Read more >
Market Mirror
Tuesday, the Dow lost 125.98 points (0.50%) to finish at 25,191.43, the NASDAQ closed 31.09 points (0.42%) lower at 7,437.54, and the S&P 500 decreased 15.19 points (0.55%) to 2,740.69. The Russell 2000 was down 12.91 points (0.84%) at 1,526.59, and the Wilshire 5000 fell 167.93 points (0.59%) to 28,279.62. The price of the 10-year Treasury note was up 8/32, decreasing its yield to 3.169%. The price of the 30-year Treasury bond increased 15/32, bringing its yield down to 3.364%.

Editorial: Alison Cooke Mintzer

Advertising: Paul Zampitella

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