August 17th, 2018

With Litigation Rush, Fiduciary Insurance Adequacy Is Critical As a result, insurers are scrutinizing potential customers more carefully, asking for extensive documentation and proof of compliance with stated policies. Read more > Plaintiff Asks Court to Amend NYU 403(b) Plans Lawsuit Decision While not disagreeing with a federal court judge’s decision, the plaintiff says the judge’s findings about certain plan committee members warrants her ordering them to be removed. Read more > Participant Survey Reveals Financial Wellness Priorities Plan participants in the 50 and up age group are thinking about the transition to retirement because it is on the horizon, while the younger age groups are more preoccupied with budgeting and managing debt. Read more > Automatic Enrollment Helping Participants Increase Retirement Savings Fidelity finds that since 2008, the average savings rate among employees automatically enrolled has risen from 4% to 6.7%, and 63% of automatically enrolled participants in the past 10 years have increased their savings rate. Read more > Retirement Income Solutions and Strategic Withdrawals Thomas Dodd, executive director of Pavilion Advisory Group, speaks to the importance of implementing a strategic withdrawal plan once retirees initiate distributions of DC plan assets. Read more > MOST READ ARTICLES

Ladenburg Launches Succession Planning Platform According to the firm, the new suite of service offerings and tools will assist advisers across Ladenburg’s independent advisory and brokerage subsidiaries in achieving their strategic business goals through practice acquisitions and the development of continuity plans Read more > Financial Finesse Builds CE Course Geared Towards Industry Professionals The program hopes to guide financial professionals in providing and supporting financial wellness benefits. Read more > BenfitEd Creates Program to Move Company Matches to Student Loan Debt Workers can move the entire match over or just a portion of it. Read more > Market Mirror Thursday, the Dow climbed 396.32 points (1.58%) to finish at 25,558.73, the NASDAQ was up 32.41 points (0.42%) at 7,806.52, and the S&P 500 increased 22.32 points (0.79%) to 2,840.69. The Russell 2000 gained 15.09 points (0.90%) to finish at 1,685.75, and the Wilshire 5000 closed 240.54 points (0.82%) higher at 29,610.05. The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.865%. The price of the 30-year Treasury bond was up 3/32, decreasing its yield to 3.030%.

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