Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 6th, 2018
ACLI, IAA Comment on SEC Standards of Conduct Proposals
They say that additional interpretation of standards of conduct for investment advisers is unnecessary and that imposing broker/dealer standards on life insurers and investment advisers is inappropriate. Read more >
Reading Into Fidelity’s ‘Zero Expense Ratio’ Retail Mutual Funds
Fidelity this week introduced what it is calling “self-indexed, zero expense ratio mutual funds” on the retail side of its business; the move may not directly touch retirement plans, but it speaks clearly to broader asset management industry trends. Read more >
Emerging Wealth Segment Represents Opportunity for Retirement Plan Advisers
Many retirement plan providers are squandering their chances to serve as long-term advice providers to the emerging wealth segment by not elevating their advice offerings to meet the demands of these participants, Cerulli contends. Read more >
WebMD Health Services Offers Financial Wellness Program for Employees
The new offering, iGrad’s Enrich financial platform, goes beyond investment and benefits planning to provide the foundational information and insights needed to help consumers not only improve financial literacy, but also sustain it over time. Read more >
Plaintiffs Firms Must Pay $1.5 Million for ‘Reckless’ Litigation
More TDF Underperformance ERISA Lawsuits Filed
Dover Corporation Faces ERISA Suit Over Managed Account Fees
L Brands Settles ERISA Suit After Dismissal Motions Fail
Workers Remain Worried About Inflation’s Impact on Retirement
Sponsored message from Mass Mutual
What plan sponsors need to know about retirement readiness
Learn more about the insights gleaned from the MassMutual Retirement Savings Risk Study, download a copy of our white paper today. Read more >
Retirement Industry People Moves
Mesirow Adds Managing Director to Core Fixed Income Management Team; Client Executive Joins Transamerica Western Region; Ascensus Acquires Continental Benefits and 401k Plus; and more. Read more >
The Status of Company Matches
Overall, 73.7% of plans offer a match, down from 74.7% last year Read more >
Market Mirror
Friday, the Dow gained 136.42 points (0.54%) to finish at 25,462.58, the NASDAQ was up 9.33 points (0.12%) at 7,812.02, and the S&P 500 increased 13.13 points (0.46%) to 2,840.35. The Russell 2000 fell 8.73 points (0.52%) to 1,673.37, and the Wilshire 5000 closed 99.20 points (0.34%) higher at 29,554.14.   The yield for 10-year Treasury note was 2.950%, and the yield for the 30-year Treasury bond was 3.089%.   WEEK’S WORTH: For the week ending August 3, the Dow was up 0.05%, the NASDAQ climbed 0.96%, and the S&P 500 finished 0.76% higher. The Russell 2000 increased 0.60%, and the Wilshire 5000 gained 0.79%.
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