Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 31st, 2020

FOMC Action Cements New Normal for Rates, Inflation Outlook

The economy is always evolving, says Federal Reserve Chair Jerome Powell, and so the nation’s monetary and fiscal strategies for achieving its goals must evolve as well. Read more >
Medical Device Manufacturer Hit With ERISA Excessive Fee Suit
The case against B. Braun Medical contains allegations similar to those in many complaints filed this year. Read more >
2020 Digital PLANADVISER National Conference
Join us from the comfort of your desk September 14 to 18! Read more >
Examining Joe Biden’s Retirement Savings Tax Credit Proposal
Experts steeped in the retirement planning industry wonder if the Democratic candidate’s proposed incentives are enough to prompt lower-income workers to save sufficiently for retirement. Read more >
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2020 PLANADVISER National Conference
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$10M NRECA Settlement Agreement Includes Administrative Changes
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Market Trends & Analysis
Optimizing retirement portfolios: A high-level look at the benefits of adding high-yield bonds. Read more >
New Fiduciary Rule Ahead
The main theme of the DOL’s new rule proposal is in alignment with other regulators—the SEC and FINRA in particular—but the agency is not surrendering its jurisdiction over tax-qualified retirement plans. Read more >
The Secret to Getting a Gig
Mentorship is key to the adviser industry’s future. Read more >
Market Mirror
Friday, the Dow gained 161.60 points (0.57%) to finish at 28,653.87, the NASDAQ closed 70.30 points (0.60%) higher at 11,695.63, and the S&P 500 increased 23.46 points (0.67%) to 3,508.01. The Russell 2000 was up 13.78 points (0.88%) at 1,578.34, and the Wilshire 5000 climbed 256.12 points (0.72%) to 35,841.59.   The price of the 10-year Treasury note climbed 24/32, decreasing its yield to 0.727%. The price of the 30-year Treasury bond increased 2/32, bringing its yield down to 1.506%.   For the week ending August 28, the Dow increased 2.59%, the NASDAQ climbed 3.39%, and the S&P 500 gained 3.26%. The Russell 2000 was up 1.67%, and the Wilshire 5000 finished 3.17% higher.
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