April 22nd, 2019

More Needed in Proposed Annuity Safe Harbor Legislation Speaking about RESA, J. Mark Iwry, nonresident senior fellow – Economic Studies at the Brookings Institution, said during an event, “If the legislation cannot be changed, maybe regulations following passage of the legislation can shore up the safe harbor.” Read more > Learning from ‘Tontines’ to Build Modern Retirement Income Schemes The retirement planning challenges facing workers today are by no means new or novel, nor are the many different types of solutions being debated by academics and policymakers. Read more > DOL Announces Two Know Your Fiduciary Responsibilities Seminars The one in Detroit will take place on June 5 and in Wilmington, Delaware, June 25 Read more > Retirement Industry People Moves Broadridge Acquires Custody Assets From TD Ameritrade; The Standard Promotes and Hires Industry Consultants; Regional Sales Consultant Joins TRA; and more. Read more > MOST READ ARTICLES 1 Biden’s First Veto Keeps DOL’s ESG Rule in Place 2 Experts Predict Major Growth in Retirement Coverage, Benefits 3 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 4 Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans 5 Why 529 Education Savings Plans Are More Valuable Than Ever

Investment Product and Service Launches Vestwell and Morningstar create 3(38) service; GSAM announces first actively managed ETF; Lyxor Americas launches hedge fund program for institutional investors; and more. Read more > Coaching the Committee What advisers should ensure that members understand Read more > Market Mirror Thursday, the Dow gained 110.00 points (0.42%) to finish at 26,559.54, the NASDAQ was up 1.98 points (0.02%) at 7,998.06, and the S&P 500 closed 4.58 points (0.16%) higher at 2,905.03. The Russell 2000 was down 1.85 points (0.12%) at 1,565.75, and the Wilshire 5000 increased 37.50 points (0.13%) to 29,981.14.   The price of the 10-year Treasury note was up 9/32, decreasing its yield to 2.563%. The price of the 30-year Treasury bond increased 22/32, bringing its yield down to 2.961%.   WEEK’S WORTH: For the week ending April 19, the Dow gained 0.56%, the NASDAQ increased 0.17%, and the S&P 500 was down 0.08%. The Russell 2000 fell 1.20%, and the Wilshire 5000 closed 0.26% lower.

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