August 13th, 2018

Parties Agree to Withdraw PIMCO Excessive Compensation Lawsuit The lawsuit claimed the excessive compensation received by PIMCO officers through the PIMCO Total Return Fund was so disproportionately large that investment returns suffered. Read more > SSGA Merging TDF Series A Shares With I Shares Greg Porteous, head of defined contribution intermediary distribution at SSGA based in Boston, says he sees the lowering of target-date fund (TDF) investment fees as a way to attract more 403(b) plan clients for two reasons. Read more > GAO Says Changes in DOL Guidance on ESG Prevent Retirement Plans from Embracing It In addition, data on ESG investing is also inconsistent, assessing ESG could increase plan costs, and many investors incorrectly perceive that ESG investing can lower returns. Read more > Retirement Industry People Moves TRA Hires Regional Sales Consultant; Heffernan Retirement Service Opens Seattle Office; Voya Retirement Adds SVP; and more. Read more > MOST READ ARTICLES

Sponsored message from CUNA Mutual Retirement Solutions Is Your Practice as Profitable as it Could be? The Retirement Advisor Institute has the tools and resources to help you increase revenue, control expenses and manage your time more effectively. Learn More. Read more > The Roll of the Adviser Money in motion through rollovers and other means Read more > Speaking Their Language How to tailor the message for different demographics Read more > Market Mirror Friday, the Dow fell 196.09 points (0.77%) to 25,313.14, the NASDAQ closed 52.67 points (0.67%) lower at 7,839.11, and the S&P 500 lost 20.30 points (0.71%) to finish at 2,833.28. The Russell 2000 was down 4.08 points (0.24%) at 1,686.80, and the Wilshire 5000 decreased 180.62 points (0.61%) to 29,566.85.   The price of the 10-year Treasury note increased 15/32, bringing its yield down to 2.872%. The price of the 30-year Treasury bond climbed 1 0/32, decreasing its yield to 3.034%.   WEEK’S WORTH: For the week ending August 10, the Dow lost 0.59%, the NASDAQ finished 0.35% higher, and the S&P 500 decreased 0.25%. The Russell 2000 climbed 0.80%, and the Wilshire 5000 was up 0.04%.

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