Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 25th, 2018
Deep Thinking About the Technological Future from PGIM
While it took on average 121 years for countries to adopt steam and motor ships after they were first invented, it took only 16 years for personal computers to become a norm, and just seven years for the Internet. Read more >
Researchers Find Impatience and Financial Literacy Affect Retirement Savings Decisions
The researchers say their results imply that it may be useful to facilitate decision making, particularly among the less-educated, as well as to facilitate people committing to and carrying out long-term financial decisions. Read more >
Cash Balance Plans on the Rise
The main customers for the plans are small businesses—typically profitable professional service companies such as law firms or independent medical groups, with a high ratio of owners to staff. They’re also one way for advisers to get out of the HR room and into the board room, as they give access to company owners for potential wealth management work. Read more >
Why Do Advisers Sound So Similar in Sales Pitches?
Pershing researchers warn that it is far harder for advisers to convey the uniqueness of their value propositions than is commonly assumed. In fact, over 60% of investors think that all advisers make more or less the same promises Read more >
MOST READ ARTICLES
1
Half of Households Likely to Face a Retirement Shortfall
2
Proposed Hardship Withdrawal Amended Regulations Issued by IRS
3
Wells Fargo’s Annual Retirement Study Portrays an Industry in Transition
4
SEC Investor Advisory Committee Calls for Stronger Best Interest Regulations
5
Lack of Emergency Savings Intersects Retirement Concerns
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Ideas to Help Manage Surplus Funding When Clients Terminate DB Plans
According to Brian Donohue, with October Three Consulting, the master strategy to get to full-funding-but-no-surplus on termination is to reduce plan risk by gradually changing the plan’s asset strategy as the plan approaches full funding—the “glide path” strategy that some sponsors have adopted. Read more >
Nationwide Announces HSA Offering in 2019
“We are committed to bringing America’s workers solutions designed to help them gain confidence and take action to efficiently prepare for health care expenses in retirement,” says John Carter, president of Nationwide’s retirement plan business. Read more >
SEI Seeks Greater Workflow Automation Through Advizr Partnership
Through this expansion, SEI’s BusinessWise program will deliver enhanced financial planning tool to help advisers make actionable plans for individual clients. Read more >
Custodia Financial Expands Retirement Loan Eraser
Not only does the solution help prevent 401(k) loan defaults when a participant experiences an involuntary job loss, it now covers voluntary job changes. Read more >
Market Mirror
Wednesday, the Dow plummeted 608.01 points (2.41%) to 24,583.42, the NASDAQ took a 329.14-points (4.43%) dive to 7,108.40, and the S&P 500 dropped 84.59 points (3.09%) to finish at 2,656.10. The Russell 2000 fell 57.89 points (3.79%) to 1,468.70, and the Wilshire 5000 plunged 900.66 points (3.18%) to 27,378.97. The price of the 10-year Treasury note increased 16/32, bringing its yield down to 3.110%. The price of the 30-year Treasury bond climbed 19/32, decreasing its yield to 3.337%.

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

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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