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November 27th, 2019 |
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| SCOTUS Passes on Case Regarding Group Annuity in Retirement Plan | |
The high court’s decision lets stand a ruling that Great-West, as a non-fiduciary party in interest, was not liable for alleged ERISA violations.
Read more > | | | SEC Gives Nod to More Nontransparent, Actively Managed ETFs | | One source says he was not surprised by the SEC’s latest move, as earlier this year, the SEC gave permission to Precidian to offer a nontransparent, actively managed ETF: “Once that happened, it seemed they would get comfortable with other variations.”
Read more > | | | One-on-One Meetings | | Of the six options that respondents to the 2019 PLANSPONSOR Participant Survey could choose from for their “preferred education communication vehicle,” the list-topper, with 30% of votes, was one-on-one adviser sessions. If an advisory firm has decided to offer such meetings, what logistics should it keep in mind?
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| Sponsored message from Cuna Mutual Retirement Solutions | | Millennial Myths & Realities | | Strategies for Strengthening and Expanding Client Relationships.
Read more > | | | Insurance Companies Are Experiencing Investment Challenges | | According to research from Cerulli Associates, U.S. insurance companies, which have more than $4 trillion in mostly investment-grade bonds in their portfolios and more than $6.2 trillion in total invested assets, view the late stage of the credit cycle as “very concerning” as compared to other investment concerns, such as the low-interest-rate environment, market volatility and market liquidity.
Read more > | | | Market Mirror | | Tuesday, the Dow closed 55.21 points (0.20%) higher at 28,121.68, the NASDAQ increased 15.45 points (0.18%) to 8,647.93, and the S&P 500 climbed 6.88 points (0.22%) to 3,140.52. The Russell 2000 was up 2.33 points (0.14%) at 1,624.23, and the Wilshire 5000 gained 68.22 points (0.21%) to finish at 32,028.42.
The price of the 10-year Treasury note increased 23/32, bringing its yield down to 1.739%. The price of the 30-year Treasury bond climbed 28/32, decreasing its yield to 2.177%.
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