Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 29th, 2019
FINRA Voya Censure Highlights Share Class Pitfalls
In censuring the firm, FINRA highlights the important fact that Voya demonstrated “extraordinary cooperation” and had initiated its own investigation and correction program prior to involvement by regulators. Read more >
Court Rejects City National’s Argument About Damages for Self-Dealing
City National argued that if a District Court had considered certain offsets to the damages award, it would have been clear that the bank never received more compensation than necessary for performing recordkeeping services for its own plan. Read more >
Settlement Agreement Reached in Dignity Health Church Plan Suit
Details of the settlement agreement will be available by approximately May 15. Read more >
Majority of Americans Foresee a Retirement Savings Shortfall
Fifty nine percent said it was only “somewhat likely” or “not at all likely” that their savings and Social Security will be enough to last them throughout their retirement, AARP learned in a survey. Read more >
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
Biden’s First Veto Keeps DOL’s ESG Rule in Place
2023 Retirement Plan Adviser of the Year Finalists
Experts Predict Major Growth in Retirement Coverage, Benefits
Complying With the Custody Rule and the New Custody Proposal
Sponsored message from Franklin Templeton
Global Investment Outlook – Market Resilience: Strength in Numbers
What’s next for markets? Will we see a recession this year? What effect will slowing growth and trade tensions have? In this article, our experts discuss risks and opportunities in global markets today. Read more >
Retirement Industry People Moves
Empower Retirement announces newly created roles; Gramercy Funds hires El-Erian as part-time senior adviser; TRA adds regional sales consultant; and more. Read more >
Managed Accounts as the QDIA
Advisers make a difference in some cases, but not all Read more >
Market Mirror
Friday, the Dow was up 81.25 points (0.31%) at 26,543.33, the NASDAQ increased 27.72 points (0.34%) to 8,146.40, and the S&P 500 closed 13.71 points (0.47%) higher at 2,939.88. The Russell 2000 gained 16.20 points (1.03%) to finish at 1,591.82, and the Wilshire 5000 climbed 162.52 points (0.54%) to 30,371.15.   The price of the 10-year Treasury note was up 9/32, decreasing its yield to 2.503%. The price of the 30-year Treasury bond increased 10/32, bringing its yield down to 2.926%.   WEEK’S WORTH: For the week ending April 26, the Dow was down 0.06%, the NASDAQ climbed 1.85%, and the S&P 500 increased 1.20%. The Russell 2000 gained 1.67%, and the Wilshire 5000 finished 1.30% higher.
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