Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 21st, 2020

Adviser Industry Impact of COVID-19

The coronavirus has brought a cooling of the pace of M&A, questions about remote work and concerns about what a slowdown in the growth could mean for those advisory firms that have been pushing hard for scale. Read more >
Parties Assent to $12.5M Settlement of Putnam ERISA Lawsuit
Under the terms of the proposed settlement, Putnam will pay $12.5 million into a common fund for the benefit of settlement class. Read more >
During Crisis, Investors Expect Much from Advisers
Investors are closely watching the way their advisers and investment managers are navigating the novel coronavirus pandemic.  Read more >
‘Gray Divorce’ on the Rise
Besides finding that divorce is challenging more couples in their pre-retirement years, the survey also cites challenges tied to prolonged life expectancy and rising health care costs. Read more >
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Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals
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2020 PLANADVISER Retirement Plan Adviser Survey
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New Take on the 401(k)
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Part Art, Part Science: Managed Account Due Diligence
Tracking Providers’ Responses to COVID-19
Retirement plan recordkeepers have announced fee cuts, service expansions and more. Read more >
BrightPlan Offers Financial Wellness Platform at No Cost During Pandemic
Everyone needs to review their budget and financial goals in light of economic uncertainty and the recent stock market correction, BrightPlan says. Read more >
PCS Retirement and Aspire Offer Fee Credits for Loans and Hardship Withdrawals
The firms will credit back all recordkeeper fees on loans and distributions below $10,000. Read more >
Market Mirror
Yesterday, the Dow fell 592.05 points (2.44%) to 23,650.44, the NASDAQ was down 89.41 points (1.03%) at 8,560.73, and the S&P 500 lost 51.40 points (1.79%) to finish at 2,823.26. The Russell 2000 decreased 15.75 points (1.28%) to 1,213.35, and the Wilshire 5000 closed 473.98 points (1.65%) lower at 28,286.25. The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.627%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 1.231%.
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