Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 10th, 2018
Groups Say SEC’s Best Interest Proposal Fails to Provide Uniform Fiduciary Standard
In addition, they say the definition of “best interest” is not clear. Read more >
Changes Needed to Help Low-Income Workers Boost Retirement Income
A study looks at the hourly wage gap between college and high school graduates, and researchers suggest policy options to boost retirement savings that include financial literacy training, among other things. Read more >
Older Workers Want to Keep Health Care and Continue Retirement Savings
Financial needs topped the reasons older people surveyed by AARP said they are working or looking for work. Read more >
Average Funded Status of DB Plans Reaches Five-Year High in July
Companies that estimate funded status for defined benefit (DB) plans say this is due to equity returns, as interest rates remained relatively flat Read more >
6th Circuit Backs Defense in Fidelity Freedom Funds ERISA Suit
Ready for PTE 2020-02 July 1 Enforcement?
Olin Corp. Soundly Defeats ERISA Lawsuit
Retirement Industry People Moves
Senate Finance Committee Advances EARN Act
Debt Needs to Be Addressed in Financial Wellness Programs
A Fidelity survey has found a link between employee debt and productivity and health issues. Read more >
Investment Product and Service Launches
Lincoln Financial Creates Personalized Target-Date Portfolios; Aon Hewitt-Managed Pooled Funds Claim Compliance with GIPS; Broadridge Financial Increases Data and Analytics Team; and more. Read more >
Market Mirror
Thursday, the Dow closed 74.52 points (0.29%) lower at 25,509.23, the NASDAQ was up 3.46 points (0.04%) at 7,891.78, and the S&P 500 decreased 4.12 points (0.14%) to 2,853.58. The Russell 2000 increased 4.01 points (0.24%) to 1,690.89, and the Wilshire 5000 was down 11.78 points (0.04%) at 29,747.47.   The price of the 10-year Treasury note increased 12/32, bringing its yield down to 2.923%. The price of the 30-year Treasury bond climbed 26/32, decreasing its yield to 3.070%.
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