Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
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 >
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
Plan Advisers Value Trustworthiness, “Personal” Touch from DC Recordkeepers
Advisers Get Long-Awaited Clarity on ESG in Retirement Plans
Financial Firms Looking to HBCUs, “Pipeline” Programs to Bolster Diversity
AARP Finds Major Gap Between Retirement Goals and Preparedness
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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