Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
August 6th, 2020

DOL’s ESG Restrictions Prompt Head Scratching

Broad based demand is building among U.S. retirement plan investors for access to environmentally and socially responsible investments, leaving industry analysts wondering why new restrictions are being proposed by the Trump administration. Read more >
SEC Proposes Overhaul of Retail Fund Disclosure Framework
The proposed disclosure framework would feature ‘concise and visually engaging shareholder reports,’ according to the federal securities market regulator. Read more >
This year’s survey aggregates responses from a record 43 asset managers, which collectively oversee more than $4 trillion in DC assets. Most of these providers (83%) have over 75% of DCIO assets in actively managed products, but the overall market is more balanced, with only 57% of total assets in active strategies, versus 43% in passive strategies. Read more >
Cyberattacks More Prevalent Among Smaller Businesses
The unexpected economic downturn caused by COVID-19, along with the rapid shift to remote work, made those businesses with few resources even more vulnerable. Read more >
Franklin Templeton to Acquire Putnam for $925 Million
Congress Says It Will Fix at Least 4 Errors in SECURE 2.0
SS&C Adds Allianz Retirement Income Annuity to DC Plan Platform
Smart Acquires Managed Account Provider ProManage
Recordkeeper “House” Investment Options Worth a Look, But Carefully, Advisers Say
A Case for Both
Given the low chances of success, how does an adviser select active funds to present for a committee’s consideration?  Read more >
Client Relationship Summary
Form CRS must be delivered to a “retail investor.” There are two components to the definition of retail investor—that the investor: 1) must be a natural person or his/her legal representative, and 2) seeks to receive or receives services primarily for personal, family or household purposes. Read more >
15th Anniversary of RPAY: Barbara Delaney
After exploring a number of large benefits firms that they thought could be potential purchasers, last September, the former PLANSPONSOR Retirement Plan Adviser Team of the Year closed on a deal with HUB International. Read more >
Market Mirror
Wednesday, the Dow was up by 373.05 points (1.39%) to reach 27,201.52, the NASDAQ climbed 57.23 points (0.52%) to finish at 10,998.40, and the S&P 500 gained 21.26 points (0.64%) for a 3,327.77 close. The Russell 2000 was up by 39.43 points (2.62%) to reach 1,546.24, and the Wilshire 5000 gained 253.24 points (0.75%) to reach 34,076.88. The price of the 10-year Treasury note was down 25/32, increasing its yield to 0.544%, and the price of the 30-year Treasury bond was down 30/32, increasing its yield to 1.220%.
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