December 5th, 2018

Settlement Proposed in BB&T ERISA Self-Dealing Litigation The case has been vigorously litigated for over three years; now, just weeks ahead of a scheduled trial, negotiations between the parties have delivered a resolution, pending a judge’s approval. Read more > First Deadline Looming for SEC Electronic Disclosure Compliance When the SEC adopted the new Rule 30e-3 earlier this year, creating a new system for electronic delivery of fund information, it also established a transition disclosure period that starts in January. Read more > Many Retirees Spending More Than They Expected Thirty-nine percent of retirees are spending more than they had expected, according to the “Global Atlantic Retirement Spending Study: Perception vs. Reality.” Forty-nine percent of pre-retirees believe planning for retirement is more difficult for them than it was for their parents. Read more > Employee Knowledge Levels Indicate Need for Financial Wellness Education Employees expressed concerns about budgeting, health care and emergency funds, and low levels of knowledge about financial and retirement topics were reported. Read more > MOST READ ARTICLES

Sponsored message from State Street Global Advisors The Happiness Formula Leveraging our Global Retirement Reality Report data, we are examining what makes for retirement happiness. Read more > 2018 PLANADVISER Retirement Plan Adviser Survey The 2018 PLANADVISER Retirement Plan Adviser Survey, our 12th such survey, delves into the many factors that advisers consider when selecting these providers. It also reveals what companies they most like to work with and have found to excel in various subcategories of services. Read more > Bristol-Myers Squibb to Terminate $3.8 Billion Pension It will offer lump sums to participants and transfer the remaining money to a group annuity contract from Athene Annuity and Life. Read more > Market Mirror Tuesday, the Dow dropped 799.36 points (3.10%) to 25,027.07, the NASDAQ plunged 283.09 points (3.80%) to 7,158.43, and the S&P 500 lost 90.30 points (3.24%) to finish at 2,700.07. The Russell 2000 plummeted 68.21 points (4.40%) to 1,480.75, and the Wilshire 5000 fell 971.77 points (3.38%) to 27,796.79. The price of the 10-year Treasury note increased 17/32, bringing its yield down to 2.910%. The price of the 30-year Treasury bond climbed 1 24/32, decreasing its yield to 3.164%.

Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 400, Rockville, MD 20850