Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 13th, 2020

Recordkeeper Consolidation Continues Amid Pandemic

Principal Financial Group acquired Wells Fargo’s institutional retirement and trust businesses in July 2019 and aims to complete the integration in 2021—pandemic or not. Read more >
Retirement Investors Saw Record Rebound in Q2
Because retirement investors held steady and the markets rebounded strongly in the second quarter, retail retirement accounts enjoyed a record bounce, according to a new analysis published by Fidelity Investments. Read more >
Wealth Management M&As Continued Strongly in July
The uptick in wealth management merger and acquisition activity in June continued through July and ended with the most deals and client assets under management for any two-month period since Fidelity began tracking such data in 2016. Read more >
Apples vs. Oranges
For retirement plan participants, financial crises are not all the same. Read more >
2023 Retirement Plan Adviser of the Year Finalists
Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
With SECURE 2.0, the Cash Balance DB Plan May Be Back
Retirement Advisers Increasingly Want PEP Option in Toolbox
LinkedIn Will Pay Out $6.75 Million for 401(k) Participant Complaint
15th Anniversary of RPAY: the Prince Group
When the Prince Group won the Retirement Plan Adviser Team of the Year award in 2010, it did not offer 3(38) fiduciary services. Times have changed, says Doug Prince, CEO. Read more >
2020 PLANADVISER National Conference - Digital!
Each year, the PLANADVISER National Conference brings together the best and the brightest in the retirement plan advisory industry, providing an opportunity for learning, networking and making connections with peers and an providers. Though our conference will be hosted digitally this year, we remain committed to our mission, and we know that PANC 2020 will be one of our best events yet.  Read more >
Biden’s Plan to Shore Up Americans’ Retirement Builds on Status Quo
It proposes reinforcing Social Security and Medicare as key steps to providing greater retirement security to older Americans. Read more >
Market Mirror
Wednesday, the Dow increased 289.93 points (1.05%) to 27,976.84, the NASDAQ climbed 229.42 points (2.13%) to 11,012.24, and the S&P 500 gained 46.66 points (1.40%) to finish at 3,380.35. The Russell 2000 was up 8.15 points (0.52%) at 1,583.25, and the Wilshire 5000 closed 461.91 points (1.36%) higher at 34,525.86. The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.667%. The price of the 30-year Treasury bond decreased 30/32, bringing its yield up to 1.364%.
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