Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
April 9th, 2018
Broker/Dealers Must Move to Support True Financial Planning
More than 60% of advisers polled by Cerulli Associates agree that client demand for “financial planning” is increasing; at the same time, broker/dealers are refining their digital planning support for advisers in order to retain top talent. Read more >
IRS Asks for Comments on Determination Letters for 2019
The agency ended its determination letter program effective in 2017, but said it will measure the need for exceptions in a variety of ways including annual input from the Employee Plans (EP) community. Read more >
Ruling on NY Times Multiemployer Plan Arbitration Challenge Rejects Use of ‘Segal Blend’
Following extensively detailed deliberation citing important SCOTUS rulings and other precedents, the district court ruling rejects a multiemployer plan’s usage of the so-called “Segal Blend” to set the discount rate for assessing a member’s withdrawal liability. Read more >
Roth Option Viewed as Another Avenue for Diversification
Experts say sponsors should offer a Roth option so that participants can diversify their tax situation in retirement. Read more >
MOST READ ARTICLES
1
Proposed Hardship Withdrawal Amended Regulations Issued by IRS
2
Wells Fargo’s Annual Retirement Study Portrays an Industry in Transition
3
SEC Investor Advisory Committee Calls for Stronger Best Interest Regulations
4
Debt Hampers Retirement Saving for Those Closest to Retirement
5
Half of Households Likely to Face a Retirement Shortfall
Sponsored message from Voya Financial
Defining Value In a Dynamic Market.
Bill Harmon of Voya Financial discusses the advisor’s role. Read more >
Retirement Industry People Moves
Voya Promotes Plan Administrator to Client Relations VP; Hirtle Callaghan Hires CIO; The Standard Hires National Accounts Relationship Manager; and more. Read more >
More Advisers Want to Go It Alone
Many motives behind the switch to RIA Read more >
Market Mirror
Friday, the Dow fell 572.46 points (2.34%) to 23,932.76, the NASDAQ lost 161.44 points (2.28%) to finish at 6,915.11, and the S&P 500 closed 58.37 points (2.19%) lower at 2,604.47. The Russell 2000 was down 29.63 points (1.92%) at 1,513.30, and the Wilshire 5000 decreased 371.25 points (1.35%) to 27,049.45.   The price of the 10-year Treasury note increased 16/32, bringing its yield down to 2.775%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 3.020%.   WEEK’S WORTH: For the week ending April 6, the Dow was down 0.71%, the NASDAQ fell 2.10%, and the S&P 500 lost 1.38%. The Russell 2000 decreased 1.05%, and the Wilshire 5000 finished 1.32% lower.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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