| PCS and Envestnet Pair to Deliver Turnkey Plan Management |
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Through the new ManagedPlan solution, the PCS Retirement recordkeeping platform will be fully integrated with Envestnet’s wealth management platform.
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| InvestorCOM Launches Reg BI Compliance Platform |
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The SEC has confirmed that the COVID-19 pandemic will not halt the implementation of the SEC’s Regulation Best Interest, which has a general compliance date of June 30.
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| Transamerica Announces Coronavirus-Related Help for Clients |
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The firm has established a dedicated team to support participants who are considering accessing their retirement savings to meet their short-term financial challenges related to the pandemic.
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| John Hancock Waives COVID-19-Related Retirement Plan Fees |
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In addition to waiving fees related to participant hardship withdrawals, the firm is suspending fees for plan amendments made in response to the pandemic.
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| Market Mirror |
| Tuesday, the Dow decreased 26.13 points (0.12%) to 22,653.86, the NASDAQ lost 25.98 points (0.33%) to finish at 7,887.26, and the S&P 500 closed 4.27 points (0.16%) lower at 2,659.41. The Russell 2000 was virtually unchanged at 1,139.17, and the Wilshire 5000 was down 9.97 points (0.04%) at 26,522.11.
The price of the 10-year Treasury note was down 6/32, increasing its yield to 0.734%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 1.320%.
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